INSUBCONTINENT EXCLUSIVE:
Shares of ONGC were in the green early Monday after the company on Saturday reported a 61 per cent jump in its September quarter net profit
as higher prices offset a drop in oil production.
The scrip was 1.65 per cent up at Rs 159.95 at around 9.50 am today
The BSE Sensex was up 0.01 per cent at 35,014 at around the same time.
Net profit jumped to Rs 8,265 crore in July-September as compared to
Rs 5,131 crore in the same period last year.
Revenue from operations came in at Rs 27,989 crore for the quarter, up 47.58 per cent, from Rs
cent from the current market price
There was no subsidy burden in the quarter
Despite lower-than-expected Ebitda, PAT stood higher than our estimate due to the much lower depreciation of the rupee and higher other
