Mumbai: Shares of Oil & Natural Gas Corporation (ONGC) gained as much as 5.9% to ₹139.9 on NSE intraday, its biggest single intraday gain since October 11, after December quarter results beats estimates. ONGC on Thursday posted 64.77% year-on-year rise in profit at ₹8,262.70 crore for the quarter ended December 31 against ₹5,014.67 crore in the corresponding quarter last year.
Profit topped the ₹7,484.9 crore forecast in a Bloomberg survey of 16 analysts.
Revenue of the company increased by 20.43% year-on-year to ₹27,694.09 crore in Q3FY19. Other income jumped 88.68% year-on-year to ₹2,224.62 crore during the quarter.