ONGC’s third-quarter net profit jumped 65 per cent to Rs 8,262.70 crore on higher prices for oil and gas output, from Rs 5,014.67 crore in the same quarter of the previous financial year.
However, ONGC’s net profit saw a marginal decline compared with the Rs 8,264.61-crore profit reported during the quarter ended September 30, 2018.
ONGC’s revenue from operations in the December quarter increased 20.42 per cent to Rs 27,694 crore from Rs 22,996 crore in the corresponding previous quarter.
