ONGC posts net profit of Rs.13,445 crore for FY’20

ONGC posts net profit of Rs.13,445 crore for FY’20

Oil & Natural Gas Corporation (ONGC) on Tuesday posted a standalone net loss of Rs 3,098.26 crore for the quarter ended March due to an exceptional item towards impairment loss of Rs 4,899 crore.

The oil and gas explorer had posted a net profit of Rs 4,239.50 crore in the corresponding quarter last year.

The company’s revenue from operations declined 19.81 per cent year-on-year (YoY).

ONGC declares results for FY’20; posts net profit of Rs.13,445 crore for FY’20
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