ONGC posts 7.9% fall in profit in Q3
Financial Express Mumbai|February 12, 2024
STATE-OWNED OIL AND Natural Gas Corporation (ONGC) reported a decline of 7.9% in its consolidated net profit to 10,748.5 crore in Q3FY24 compared with 11,665 crore in the corresponding quarter last fiscal, as revenue fell.

The profit fell by a sharper 35% a sequential basis from on crore ₹16,553.32 in Q2FY24.

The decline was also due to lower price realisation in the last quarter. Realisations fell 6.4% to $81.59 per barrel. Gas prices, too, were lower by 24.2% at $6.5 per mmBtu.

Revenue from operations stood at 165,569.06 crore, down from 169,212.6 crore in the third quarter of FY23.

The company's board of directors has approved a second interim dividend of 80%, ie, 4 per equity share.

هذه القصة مأخوذة من طبعة February 12, 2024 من Financial Express Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة February 12, 2024 من Financial Express Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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