Finally, ONGC reports profit

ongc reports q4 profit at rs 6734 crore on high realisation
Source: The Print

In the quarter of January to March, state-owned Oil & Natural Gas Corporation reported a profit of ₹ 6,734 crore after tax. It suffered a loss of ₹ 3,214 crore in the year-ago period.

But profit after tax was down by 16%  for the whole financial year. Gross revenue in Q4 FY21 declined by 1% to ₹ 21,189 crore but in FY21 it was down 29% to ₹ 68,141 crore from ₹ 96, 214 in FY20.

The board of directors has recommended a final dividend of Rs 1.85 per share, taking the total dividend for FY21 to Rs 3.60 per share. (ANI)

Kunal Kushwaha is the Founder of Surkhiyaa. He is an aspiring journalist who looks forward to provide unbiased and precise information. He strives to create Surkhiyaa as a platform that acknowledges core journalistic ethics. Kunal Kushwaha can be reached out kkunal.kushwaha.17@gmail.com

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