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ONGC reports 43% fall in Q1 consolidated net profit

06 Aug 2024 Evaluate

Oil and Natural Gas Corporation (ONGC) has reported results for first quarter ended June 30, 2024 (Q1FY25). 

The company has reported 15.09% fall in net profit at Rs 8,938.10 crore for Q1FY25 as compared to Rs 10,526.78 crore for the same quarter in the previous year. However, total income of the company increased by 5.37% at Rs 37,327.27 crore for Q1FY25 as compared to Rs 35,426.18 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 42.80% fall in its net profit at Rs 10,235.64 crore for the quarter ended June 30, 2024 as compared to Rs 17,893.48 crore for the same quarter in the previous year. However, total income of the company increased by 12.92% at Rs 1,69,562.26 crore for Q1FY25 as compared to Rs 1,66,367.12 crore for the corresponding quarter previous year.


Peers
Company Name CMP
ONGC 233.60
Oil India 485.00
Jindal Drilling&Inds 598.95
Deep Industries 727.50
Aban Offshore 14.21
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