Home / Business / Money / ONGC Q1 profit misses estimates, rises 14% to Rs 5460 cr

ONGC Q1 profit misses estimates, rises 14% to Rs 5460 cr

Revenue for the quarter was at Rs 22,825 crore, a growth of 4.5 percent over the year-ago period and 5.4 percent over March quarter, said the company in its filing to the exchange.

ONGC Q1 profit misses estimates, rises 14% to Rs 5460 cr

TheNewsInternational Team

Oil and Natural Gas Corporation ‘s (ONGC) first quarter earnings missed street expectations on bottomline and operational front. Profit grew by 14.2 percent year-on-year (up 27.6 percent sequentially) to Rs 5,460 crore during the quarter. Net was estimated at Rs 5,790 crore for the quarter, according to a CNBC-TV18 poll.

Revenue for the quarter was at Rs 22,825 crore, a growth of 4.5 percent over the year-ago period and 5.4 percent over March quarter, said the company in its filing to the exchange.

At 15:23 hours IST, the scrip of Oil and Natural Gas Corporation was quoting at Rs 272.35, up Rs 3.25, or 1.21 percent on the BSE.

More to come…

Leave a Reply

Scroll To Top