Q
Q3FY2017-18

ONGC net profit up 15.2 % q-o- q at Rs 5,015 crore

The company notifies 10 discoveries so far in FY'18

Thesynergyonline Corporate Bureau

NEW DELHI, FEBRUARY 09 : Oil and Natural Gas Corporation (ONGC) registered 15.2 per cent rise in standalone net profit rose 15.2 percent on a year-on-year (y-o-y basis to Rs 5014.67 crore for the quarter ended December (Q3FY'18).

The company's standalone Production registered upswing in 9 month period , natural gas up 7.7 per cent ; crude oil up 1.2 per cent and VAP up 4.9 per cent in FY'18 as against the corresponding period in FY'17. The company notified 10 discoveries so far in FY'18.

The company's gross gross revenue was at Rs 22,996 crore, up 14.9 per cent q-o-q

The company also regsistered net profit of Rs 5,015 crore, up by 15.2 per cent q--o-q , the company's statement said. Revenues from operation rose 14.9 pe rcent on a y-o- y basis to Rs 22,995 crore for the quarter ended December which was slightly higher than the CNBC-TV18 estimate of Rs 22,888 crore.

The company reported revenue from the operation of Rs 20,013 crore in the corresponding quarter of last fiscal and Rs 18,964 crore in the previous quarter.

Earnings before interest, tax, depreciation, and amortisation rose 19.5 per cent on a sequential basis to Rs 10,919 crore for the quarter ended December 2017 as against Rs9,136 crore in the previous quarter.