1. ONGC June quarter profit feels pricing heat, down 8%

ONGC June quarter profit feels pricing heat, down 8%

State-owned Oil and Natural Gas Corporation (ONGC) today reported an 8 per cent drop in its June quarter net profit as energy prices fell.

By: | New Delhi | Published: July 27, 2017 6:30 PM
ongc energy prices june 2017, ongc profit 2017, ongc revenue 2017 State-owned Oil and Natural Gas Corporation (ONGC) today reported an 8 per cent drop in its June quarter net profit as energy prices fell. (Source: PTI)

State-owned Oil and Natural Gas Corporation (ONGC) today reported an 8 per cent drop in its June quarter net profit as energy prices fell. ONGC reported a net profit of Rs 3,884.73 crore, or Rs 3.03 a share, in April-June compared to Rs 4,232.54 crore, or Rs 3.30 per share, in the same period of the previous fiscal, the company said in a regulatory filing. Revenue was up at Rs 19,073.54 crore, from Rs 17,784.75 crore in the first quarter of the previous fiscal.

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