Oil & Natural Gas Corporation Ltd.
-1.85 (-0.76%) ONGC reports 47% fall in Q3 consolidated net profit
Date: 15-02-2021Oil and Natural Gas Corporation (ONGC) has reported results for third quarter ended December 31, 2020.
The company has reported a fall of 67.39% in its net profit at Rs 1378.23 crore for the quarter under review as compared to net profit at Rs 4226.45 crore for the same quarter in the previous year. Total income of the company decreased by 27.36% at Rs 18242.21 crore for Q3FY21 as compared Rs 25112.55 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a fall of 46.91% in its net profit attributable to owners at Rs 2643.17 crore for the quarter under review as compared to net profit at Rs 4979.11 crore for the same quarter in the previous year. Total income of the company decreased by 7.92% at Rs 102416.51 crore for Q3FY21 as compared Rs 111225.46 crore for the corresponding quarter previous year.