Friday, February 15, 2019

ONGC reports 65% increase in net

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Oil major ONGC has posted 65 per cent year-on-year rise in profit at Rs 8,263 crore for the quarter ended December 31. 

The company posted a profit of Rs 5,015 crore in the corresponding quarter last year. 

Revenue of the company increased by 20 per cent YoY to Rs 27,694 crore in Q3FY19. Other income jumped 89 per cent YoY to Rs 2,225 crore during the quarter under review. 

The stock should react positively in today's trade. In thursday trade it closed at Rs 133.

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