Oil and Natural Gas Corporation (ONGC) reported results for fourth quarter (Q4) and year ended March 31, 2023.
The company has reported net loss at Rs 247.70 crore for the quarter under review as compared to net profit of Rs 8859.54 crore for the same quarter in the previous year. However, total income of the company increased by 6.63% at Rs 38220.66 crore for Q4FY23 as compared to Rs 35840.98 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 52.73% fall in its net profit at Rs 5701.46 crore for fourth quarter ended March 31, 2023 as compared to Rs 12061.44 crore for the same quarter in the previous year. However, total income of the company increased by 5.09% at Rs 166728.80 crore for Q4FY23 as compared to Rs 158660.49 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported 3.66% marginal fall in its net profit at Rs 38828.87 crore as compared to Rs 40305.74 crore for the previous year. However, total income of the company increased by 39.61% at Rs 163143.87 crore for year under review as compared to Rs 116860.98 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 33.51% fall in its net profit at Rs 32777.61 crore as compared to Rs 49294.06 crore for the previous year. However, total income of the company increased by 28.50% at Rs 692903.30 crore for year under review as compared to Rs 539230.25 crore for year ended March 31, 2022.
| Company Name | CMP |
|---|---|
| ONGC | 283.95 |
| Oil India | 470.10 |
| Jindal Drilling&Inds | 540.15 |
| Deep Industries | 476.90 |
| Asian Energy Service | 306.05 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: