Business News›Markets›Stocks›Earnings›ONGC Q4 Results: Profit skyrockets 19 times to Rs 9,869 crore, declares dividend
ONGC Q4 Results: Profit skyrockets 19 times to Rs 9,869 crore, declares dividend
State-owned Oil and Natural Gas Corporation's (ONGC) March quarter net profit soared 19 times as the year-ago period had a one-time exceptional provision, while it posted a record earning for the full fiscal. The company's standalone net profit of Rs 9,869 crore in January-March - the fourth quarter of fiscal year 2023-24 - compared with a profit of Rs 528 crore in the same period of the previous financial year, according to a company statement.
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