ONGC Q1 Revenue Grows 7% To Rs 33,814 Cr

As opposed to a standalone net loss of Rs 247 crore for the prior three months due to an extraordinary loss of Rs 9,235 crore, state-run oil and gas exploration ONGC on Friday announced a standalone net profit of Rs 10,015 crore for the quarter ended June 30, roughly in line with analysts' predictions.

The company's net profit before unusual items and taxes for the three months ending March 31 was Rs 8,256 crore.

According to a regulatory filing, the company's sales for the first quarter of the current fiscal year decreased 6.8 per cent sequentially to Rs 33,814.3 crore, outpacing experts' predictions.