Oil & Natural Gas Corporation gains on reporting 10% rise in Q4 consolidated net profit

Oil & Natural Gas Corporation is currently trading at Rs. 144.30, up by 0.55 points or 0.38% from its previous closing of Rs. 143.75 on the BSE.

ongc shines on inking mou with exxon mobil
ongc shines on inking mou with exxon mobil

The scrip opened at Rs. 145.90 and has touched a high and low of Rs. 147.35 and Rs. 141.15 respectively. So far 999414 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 194.60 on 08-Mar-2022 and a 52 week low of Rs. 108.50 on 20-Aug-2021.

Last one week high and low of the scrip stood at Rs. 164.25 and Rs. 141.05 respectively. The current market cap of the company is Rs. 179080.27 crore.

The promoters holding in the company stood at 58.91%, while Institutions and Non-Institutions held 26.27% and 14.82% respectively.

Oil & Natural Gas Corporation (ONGC) has reported results for fourth quarter and year ended March 31, 2022.

The company has reported a rise of 31.56% in its net profit at Rs 8,859.54 crore for the quarter under review as compared to Rs 6,733.97 crore for the same quarter in the previous year. Total income of the company increased by 47.36% at Rs 35,840.98 crore for Q4FY22 as compared Rs 24,321.30 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 10.02% in its net profit at Rs 12,061.44 crore for the quarter under review as compared to Rs 10,963.04 crore for the same quarter in the previous year. Total income of the company increased by 34.25% at Rs 158,648.42 crore for Q4FY22 as compared Rs 118,171.45 crore for the corresponding quarter previous year.

For the year ended March 31, 2022, the company has reported around 4-fold jump in its net profit at Rs 40,305.74 crore as compared to Rs 11246.44 crore for the previous year. Total income of the company increased by 55.23% at Rs 116,860.98 crore for year under review as compared to Rs 75,283.60 crore for year ended March 31, 2021.

For the year ended March 31, 2022, on the consolidated basis, the company has reported over 2-fold jump in its net profit at Rs 49,294.06 crore as compared to Rs 21,360.25 crore for the previous year. Total income of the company increased by 45.81% at Rs 539,199.46 crore for year under review as compared to Rs 369,795.89 crore for year ended March 31, 2021.

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