Oil & Natural Gas Corporation Ltd.

Oil and Natural Gas Corporation (ONGC) has reported results for first quarter ended June 30, 2023 (Q1FY24).  

The company has reported 34.14% fall in its net profit at Rs 10,015.04 crore for the quarter under review as compared to Rs 15,205.85 crore for the same quarter in the previous year. Total income of the company decreased by 17.76% at Rs 35,426.18 crore for Q1FY24 as compared Rs 43,078.39 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported over 2-fold jump in its net profit at Rs 17,382.97 crore for the first quarter ended June 30, 2023 as compared to Rs 8,580.75 crore for the same quarter in the previous year. However, total income of the company decreased by 9.66% at Rs 166,367.12 crore for Q1FY24 as compared Rs 184,151.13 crore for the corresponding quarter previous year.