Oil and Natural Gas

ONGC
End-of-day quote NATIONAL STOCK EXCHANGE OF INDIA - 08/22
116.95INR
-3.51%

Oil & Natural Gas Corp. 1Q Net Profit Down 3.8%

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08/14/2019 | 01:26 am


By P.R. Venkat





Oil & Natural Gas Corp. Ltd. (500312.BY) said its first-quarter net profit fell 3.8% on year due to lower realization from crude oil sales and decline in contributions from its joint ventures.



Net profit for the quarter ended June was 59.04 billion rupees ($833.6 million), ONGC said late Tuesday.



Revenue fell 2.4% on year to INR265.56 billion.





Write to P.R. Venkat at venkat.pr@wsj.com





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