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ONGC Posts Profit Of Rs 8,265 Crore In September Quarter

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Analysts on average had expected a profit of Rs 6,861 crore, according to Refinitiv data.NEW DELHI: Oil and Natural Gas Corporation posted a 61 per cent jump in second-quarter profit on Saturday, with higher crude oil prices helping it to beat forecasts.

ONGC's net profit stood at Rs 8,265 crore ($1.14 billion) in the quarter ended September 30, compared with Rs 5,130 crore a year earlier, the company said in a stock exchange filing.

Analysts on average had expected a profit of Rs 6,861 crore, according to Refinitiv data.Income from operations rose by 47.5 per cent to Rs 27,989 crore, ONGC said.($1 = Rs 72.43)




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