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ONGC drops on reporting 53% fall in Q4 consolidated net profit
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ONGC is currently trading at Rs. 159.20, down by 4.40 points or 2.69% from its previous closing of Rs. 163.60 on the BSE.
The scrip opened at Rs. 159.55 and has touched a high and low of Rs. 160.20 and Rs. 156.50 respectively. So far 3775093 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 168.95 on 12-May-2023 and a 52 week low of Rs. 119.80 on 06-Jul-2022.
Last one week high and low of the scrip stood at Rs. 167.50 and Rs. 162.30 respectively. The current market cap of the company is Rs. 200529.65 crore.
The promoters holding in the company stood at 58.89%, while Institutions and Non-Institutions held 38.15% and 2.95% respectively.
Oil and Natural Gas Corporation (ONGC) reported results for fourth quarter (Q4) and year ended March 31, 2023.
The company has reported net loss at Rs 247.70 crore for the quarter under review as compared to net profit of Rs 8859.54 crore for the same quarter in the previous year. However, total income of the company increased by 6.63% at Rs 38220.66 crore for Q4FY23 as compared to Rs 35840.98 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 52.73% fall in its net profit at Rs 5701.46 crore for fourth quarter ended March 31, 2023 as compared to Rs 12061.44 crore for the same quarter in the previous year. However, total income of the company increased by 5.09% at Rs 166728.80 crore for Q4FY23 as compared to Rs 158660.49 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported 3.66% marginal fall in its net profit at Rs 38828.87 crore as compared to Rs 40305.74 crore for the previous year. However, total income of the company increased by 39.61% at Rs 163143.87 crore for year under review as compared to Rs 116860.98 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 33.51% fall in its net profit at Rs 32777.61 crore as compared to Rs 49294.06 crore for the previous year. However, total income of the company increased by 28.50% at Rs 692903.30 crore for year under review as compared to Rs 539230.25 crore for year ended March 31, 2022.
