Moneycontrol
Feb 12, 2018 08:04 AM IST | Source: Moneycontrol.com

ONGC Q3 net profit rose 15.2% to Rs 5014.70 crore; misses estimates

The company reported a net profit of Rs 5130.74 crore in the year-ago period, and Rs 4352.33 crore in the previous quarter.

ONGC standalone net profit rose 15.2 percent on a year-on-year (YoY) basis to Rs5014.67 crore for the quarter ended December which was lower than the CNBC-TV18 estimate of Rs 6176 crore.

The company reported a net profit of Rs 5130.74 crore in the year-ago period, and Rs 4352.33 crore in the previous quarter, ONGC said in a statement.

ONGC closed 0.7 percent lower on the NSE at Rs 187.35.

Revenues from operation rose 14.9 percent on a YoY basis to Rs 22,995 crore for the quarter ended December which was slightly higher than the CNBC-TV18 estimate of Rs 22,888 crore.

ONGC reported revenue from the operation of Rs 20,013 crore in the corresponding quarter of last fiscal, and Rs 18,964 crore in the previous quarter.

Earnings before interest, tax, depreciation, and amortisation rose 19.5 percent on a sequential basis to Rs10,919 crore for the quarter ended December 2017, compared to Rs9,136 crore reported in the previous quarter.

Ebitda margin contracted marginally to 47.5 percent for the quarter ended December compared to 48.2 percent reported in the previous quarter.
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