Oil and Natural Gas Corporation (ONGC) share price rose over 4 percent on November 15 after the company announced its September quarter earnings last week.
The state-run oil explorer and marketer reported a consolidated profit after tax (PAT) of Rs 18,749 crore, increasing 3.3x/234 percent from a PAT of Rs 5,675 crore in the corresponding quarter last year and higher by 174 percent from a PAT of Rs 6,847 crore in the preceding quarter.
The consolidated revenues at Rs 1,22,029 crore climbed 46 percent from Rs 83,619 crore recorded in the corresponding quarter last year. On a sequential basis, consolidated revenues are up 13 percent from Rs 1,08,136 crore reported in the previous quarter.
News Soure:- Moneycontrol