ONGC’s net profit down by over 30%

Mumbai: Diversified energy major ONGC on Thursday reported a decline of 31.6 per cent in its standalone net profit for the quarter ended March 31, 2019.

According to the company, the standalone Q4 net profit declined to Rs 4,045 crore against Rs 5,915 crore reported during the corresponding period of previous fiscal.

However, on a full fiscal basis, the energy major reported a 33.9 per cent jump in net profit to Rs 26,716 crore against Rs 19,945 crore in the 2017-18. (IANS)

Also Read: Business News