Alka Mittal, Chairperson & MD (Addl.charge), ONGC
The year under review turned out to be the best for ONGC, with the company clocking its highest revenue and net profit. Last year, the company was placed third in the same rankings.
Record Numbers
ONGC's record profitability in FY22 was mainly on account of the best-ever price that the company realised on the crude oil it produced. On a standalone basis, it saw a 258 per cent jump in profits to Rs 40,305.74 crore from Rs 11,246.44 crore in the previous financial year. On a consolidated basis, after including the earnings of its subsidiaries like HPCL, MRPL and ONGC Videsh, the net profit soared to Rs 49,294.06 crore in 202122 as compared to Rs 21,360.25 crore in 2020-21. For FY22, ONGC clocked the second-highest net profit both on a standalone and consolidated basis.
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