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Business Companies 27 Jul 2017 ONGC June Q1 profit ...

ONGC June Q1 profit feels pricing heat, down by 8 per cent

PTI
Published Jul 27, 2017, 6:17 pm IST
Updated Jul 27, 2017, 6:17 pm IST
ONGC reported a net profit of Rs 3,884.73 crore, or Rs 3.03 a share in 2017 compared to Rs 4,232.54 crore in same period in 2016.
ONGC on Thursday reported an 8 per cent drop in its June quarter net profit.
 ONGC on Thursday reported an 8 per cent drop in its June quarter net profit.

New Delhi: State-owned Oil and Natural Gas Corporation (ONGC) on Thursday reported an 8 per cent drop in its June quarter net profit as energy prices fell.

ONGC reported a net profit of Rs 3,884.73 crore, or Rs 3.03 a share, in April-June compared to Rs 4,232.54 crore, or Rs 3.30 per share, in the same period of the previous fiscal, the company said in a regulatory filing.

 

Revenue was up at Rs 19,073.54 crore, from Rs 17,784.75 crore in the first quarter of the previous fiscal.

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