ONGC posts Rs 3,098 crore Q4 net loss: Key takeaways

Mumbai: State-run Oil & Natural Gas Corporation (ONGCNSE -1.72 %) on Tuesday posted a standalone net loss of Rs 3,098.26 crore for the quarter ended March due to an exceptional item towards impairment loss of Rs 4,899 crore.

The oil and gas explorer had posted a net profit of Rs 4,239.50 crore in the corresponding quarter last year.

The company’s revenue from operations declined 19.81 per cent year-on-year (YoY) to Rs 21,456.20 crore during the quarter, compared with Rs 26,758.46 crore in the same quarter a year ago.

Here are the key takeaways from ONGC’s Q4 results:

Dividend

The company has recommended a final dividend of Rs 2 per share. The dividend amounts to Rs 300 crore.