ONGC's net profits dip 4.8%, total income falls 11%

Posted By: Religare
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ONGC's net profits dip 4.8%
State run Oil and Natural Gas Corporation Ltd has reported the decline of 4.8 per cent in net profits for third quarter ended December 31, 2011 at Rs 6,741.41 crore.

The company had posted the net profit of Rs 7,083.23 crore during the same period a year ago, said the company in its filing to the Bombay Stock Exchange on February 8, 2012.

Meanwhile, the total income from operations also fell 11 per cent to Rs 18,517.13 crore during Q3 FY12, as compared to Rs 20,804.2 crore during Q3 FY11.

On Thursday, shares of the company were trading at Rs 279.70 a piece, down 1.15 per cent from previous close on BSE at 10.40 AM.

Dion Global Solutions Ltd

Read more about: ongc, revenue, results, bse
Story first published: Wednesday, February 8, 2012, 23:34 [IST]
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