3 months ago
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State-owned explorer Oil and Natural Gas Corp (ONGC)’s nett profit, connected a standalone basis, accrued 1.6% connected a year-over-year (YoY) successful the December-end 4th ground notwithstanding a little lipid terms authorities which led to little crude terms realisations.
On a standalone basis, ONGC’s nett net accrued 1.6% YoY tov ₹8,372 crore successful the 3rd 4th of the ongoing fiscal year. Whereas, crude terms realisation, from nominated fields, declined astir 15.1% YoY to $61.63 per tube during the reported quarter. Further, terms of state produced from nominated fields accrued astir 1.4% to $6.59 per metric cardinal British thermal Unit (MMBtu).
The Delhi-headquartered explorer’s standalone revenues during the 4th besides declined 6.4% YoY to ₹31,546 crore.
Amid the little lipid terms regime, ONGC’s crude lipid accumulation connected a standalone ground blipped lone marginally to 4.592 cardinal metric tonnes (MMT) during the reported quarter, arsenic compared to 4.653 MMT during the comparable play a twelvemonth ago. Whereas, standalone earthy state accumulation stood astatine 4.988 BCM successful the 3rd quarter, marginally higher than 4.978 BCM successful the year-ago quarter.
Along with their results, the explorer-producer besides announced their 2nd interim dividend of ₹6.25 per equity share.
