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ONGC net dips 27 percent in first quarter
Friday, 24 July 2009, 14:27 IST
Mumbai: The net profit of state-run energy major Oil and Natural Gas Corp (ONGC) dipped for the fourth consecutive quarter, declining 27 percent to 
4,847.92 crore (about 48.48 billion) for the quarter ending June 30 owing to lower oil prices.
ONGC had logged a revenue of 6,636.33 crore (66.37 billion) in the corresponding quarter the previous fiscal.
The company's total income decreased 24.53 percent to 15,924.08 crore (159.24 billion) during the period under review from 21,102.22 crore (211.02 billion) in the corresponding period the previous fiscal, it said in a statement to the Bombay Stock Exchange (BSE).
Earnings were announced after the stock markets closed for the day.
The ONGC scrip ended flat at 1,092.85 after opening at 1,080.
Source: IANS
4,847.92 crore (about 48.48 billion) for the quarter ending June 30 owing to lower oil prices.
ONGC had logged a revenue of 6,636.33 crore (66.37 billion) in the corresponding quarter the previous fiscal.
The company's total income decreased 24.53 percent to 15,924.08 crore (159.24 billion) during the period under review from 21,102.22 crore (211.02 billion) in the corresponding period the previous fiscal, it said in a statement to the Bombay Stock Exchange (BSE).
Earnings were announced after the stock markets closed for the day.
The ONGC scrip ended flat at 1,092.85 after opening at 1,080.
Source: IANS