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ONGC reports 8% fall in Q3 consolidated net profit

12 Feb 2024 Evaluate

Oil and Natural Gas Corporation (ONGC) has reported results for third quarter ended December 31, 2023 (Q3FY24).

The company has reported 13.66% fall in its net profit at Rs 9535.67 crore for Q3FY24 as compared to Rs 11044.73 crore for the same quarter in the previous year. Total income of the company decreased by 4.52% at Rs 38188.76 crore for Q3FY24 as compared Rs 39994.63 crore for corresponding quarter of the previous year. 

On consolidated basis, the company has reported 7.86% fall in net profit at Rs 10748.46 crore for the third quarter ended December 31, 2023 as compared to Rs 11665.24 crore for the same quarter in the previous year. Total income of the company decreased by 0.83% at Rs 169628.12 crore for Q3FY24 as compared Rs 171045.00 crore for corresponding quarter of the previous year.

Peers
Company Name CMP
ONGC 235.50
Oil India 485.05
Jindal Drilling&Inds 595.10
Deep Industries 729.00
Aban Offshore 14.21
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