ONGC Q4 Results: Profit falls 53% YoY to Rs 5,701 crore
ONGC’s consolidated net profit fell 53% to Rs 5,701 crore for the quarter ended March. The profit stood at Rs 12,061 crore in the March quarter of last year.
The Board has recommended a final dividend of Rs 0.5 per equity share for the financial year 2022-23.
Revenue from operations during the reporting quarter rose 5% to Rs 1.64 lakh crore. It was Rs 1.55 lakh crore in the corresponding quarter of last year.
On a standalone basis, the company reported net loss of Rs 248 crore during the March quarter, compared with a profit of Rs 8,860 crore in the same quarter last year.
Standalone gross revenues rose 5% to Rs 36,293 crore in the said period.
