Aug 13, 2012, 09.40 AM IST

ONGC advances 2.5% on better Q1 results

Oil and Natural Gas Corporation's (ONGC) net profit grew by 48.4% year-on-year and 7.68% quarter-on-quarter to Rs 6,077.7 crore in the quarter ended June 2012.

Source: Moneycontrol.com
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Oil and Natural Gas Corporation 's (ONGC) net profit grew by 48.4% year-on-year and 7.68% quarter-on-quarter to Rs 6,077.7 crore in the quarter ended June 2012.


Revenues increased 24% to Rs 20,084.3 crore from Rs 16,199 crore and other income too rose by 24% to Rs 1,038.4 crore from Rs 839.5 crore YoY.


Revenues from offshore segment jumped 14.3% YoY to Rs 13,387.30 crore and onshore segment rose by 47.62% to Rs 6,854.96.


It touched an intraday high of Rs 290.75 and an intraday low of Rs 284.05. At 09:35 hrs the share was quoting at Rs 286.45, up Rs 7.15, or 2.56%.
 
It was trading with volumes of 115,189 shares. In the previous trading session, the share closed down 0.25% or Rs 0.70 at Rs 279.30.


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