Oil & Natural Gas Corporation Ltd.
2.10 (0.89%) ONGC reports 48% fall in Q3 consolidated net profit
Date: 17-02-2020Oil and Natural Gas Corporation (ONGC) has reported results for third quarter ended December 31, 2019.
The company has reported a fall of 49.75% in its net profit at Rs 4151.63 crore for the quarter under review as compared to Rs 8262.70 crore for the same quarter in the previous year. Total income of the company decreased by 15.98% at Rs 25112.55 crore for Q3FY20 as compared Rs 29888.21 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a fall of 47.74% in its net profit attributable to owners of the company at Rs 4903.68 crore for the quarter under review as compared to Rs 9383.00 crore for the same quarter in the previous year. Total income of the company decreased by 7.30% at Rs 111187.83 crore for Q3FY20 as compared Rs 119943.92 crore for the corresponding quarter previous year.