ResultsFinancial Express
ONGC profit jumps 57% on higher oil & gas prices in Q2
GreyOak summary
ONGC reported a 57.3% year-on-year jump in standalone net profit to Rs 15,488.64 crore for the September quarter. This surge was driven by sharply higher crude oil and gas realisations, despite a decline in production volumes. The company's first-half profit reached a record Rs 32,522.45 crore, while the board declared an interim dividend of Rs 8 per share.
What it affects
- Oil & Natural Gas CorporationONGCPositive +20
Profit jumped 57% to Rs 15,488 crore.Rolling sentiment Positive +34
- Natural gasNegative -8
Prices rose 22.5% to $10.24 per mmBtu.Rolling sentiment Neutral +11
Source
Read the original at Financial ExpressMore Oil & Natural Gas Corporation news
- ONGC declares Rs 8 interim dividend, record date Nov 12Mint · Corporate action ·
- Dividend Alert: Record dates coming up for HUL, ONGC, IRB Infra and 10 other stocksFinancial Express · Corporate action ·
- Attractive valuations could translate to gains in ONGC despite challengesBusiness Standard · Results ·
- 7 PSUs among 12 stocks with 4 quarters of FII buyingBusiness Today · Stock view ·
- ITC, Power Grid, ONGC trade near 52-week lowsBusiness Today · Stock view ·