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ONGC reports 32% fall in Q4 net profit

Oil & Natural Gas Corporation (ONGC) has reported results for fourth quarter and year ended March 31, 2019.

The company has reported a fall of 31.62% in its net profit at Rs 4,044.60 crore for the quarter under review as compared to Rs 5,915.12 crore for the same quarter in the previous year. However, total income of the company marginally increased by 4.71% at Rs 29,008.74 crore for Q4FY19 as compared Rs 27,703.54 crore for the corresponding quarter previous year.

For the year ended March 31, 2019, the company has reported a rise of 33.95% in its net profit at Rs 26,715.79 crore as compared to Rs 19,945.26 crore for the previous year. Total income of the company increased by 26.15% at Rs 117,173.56 crore for year under review as compared to Rs 92,887.65 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has reported a rise of 29.99% in its net profit at Rs 33,886.93 crore as compared to Rs 26,067.98 crore for the previous year. Total income of the company increased by 24.86% at Rs 461,609.33 crore for year under review as compared to Rs 369,714.56 crore for year ended March 31, 2018.

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