ONGC Ltd. : Q4FY17 results.

Amir Shaikh / 26 May 2017

ONGC Ltd. : Q4FY17 results.

The company's total sales for Q4FY17 came in at Rs 21714 crore, which represents a 8.5 per cent sequential increase and 33.73 per cent YoY increase.

ONGC Ltd. reported its results for the quarter ended March 31, 2017 today. The standalone numbers were largely positive due to high exploratory revenues

The company's total sales for Q4FY17 came in at Rs 21714 crore, which represents a 8.5 per cent sequential increase and 33.73 per cent YoY increase.

Its operating profit (EBIT) for the quarter was Rs 1338 crore and its EBIT margin stood at 6.16 per cent.

The company reported PAT of Rs 4340 crore, which represents a sequential QoQ decline of 0.28 per cent and a YoY decline of 6.14 per cent.

The stock closed today flat at Rs.175.80, rising about 1%.

Oil and Natural Gas Corporation Ltd is an Indian state-owned oil and gas company. Its operations are majorly in two divisions, viz. oil and gas exploration and production and oil refining activities.

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