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ONGC's Q1 standalone net profit down 3.9%
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SME Times News Bureau | 14 Aug, 2019
Diversified energy major ONGC on Tuesday reported a decline of 3.9 per
cent in its standalone net profit for the quarter ended June 30, 2019.
According
to the company, the standalone Q1 net profit fell to Rs 5,904 crore
against Rs 6,144 crore reported during the corresponding period of
previous fiscal.
However, gross revenues of the diversified
energy major declined 2.4 per cent to Rs 26,555 crore against Rs 27,213
crore in the 2018-19.
On a consolidated basis, the company
reported a decline 24.4 per cent in its Q1 net profit at Rs 7,043 crore
from Rs 9,318 crore on a YoY basis.
The company reported that
its consolidated net profit attributable to owners was down 19.2 per
cent to Rs 6,694 crore from Rs 8,287 crore reported for the
corresponding period of the previous year.
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