ONGC rises on reporting over 2-fold jump in Q1 consolidated net profit
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Oil & Natural Gas Corporation is currently trading at Rs. 179.10, up by 1.95 points or 1.10% from its previous closing of Rs. 177.15 on the BSE.
The scrip opened at Rs. 180.00 and has touched a high and low of Rs. 180.25 and Rs. 178.00 respectively. So far 136582 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 180.25 on 14-Aug-2023 and a 52 week low of Rs. 121.50 on 28-Sep-2022.
Last one week high and low of the scrip stood at Rs. 180.25 and Rs. 172.20 respectively. The current market cap of the company is Rs. 222859.65 crore.
The promoters holding in the company stood at 58.89%, while Institutions and Non-Institutions held 38.25% and 2.87% respectively.
Oil and Natural Gas Corporation (ONGC) has reported 34.14% fall in its net profit at Rs 10,015.04 crore for the quarter ended June 30, 2023 as compared to Rs 15,205.85 crore for the same quarter in the previous year. Total income of the company decreased by 17.76% at Rs 35,426.18 crore for Q1FY24 as compared Rs 43,078.39 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported over 2-fold jump in its net profit at Rs 17,382.97 crore for the first quarter ended June 30, 2023 as compared to Rs 8,580.75 crore for the same quarter in the previous year. However, total income of the company decreased by 9.66% at Rs 166,367.12 crore for Q1FY24 as compared Rs 184,151.13 crore for the corresponding quarter previous year.
