The company's standalone net profit of Rs 9,869 crore in January-March the fourth quarter of fiscal year 2023-24 - compared with a profit of Rs 528 crore in the same period of the previous financial year, according to a company statement.
India's top oil and gas producer had made a provision of Rs 9,235 crore in the JanuaryMarch 2023 quarter towards disputed taxes for the period from April 1, 2016, to March 31, 2022.
ONGC reported a 4.3 per cent rise in crude oil production in the fourth quarter this year to 4.71 million tonnes. The price realised for the same also was higher at USD 80.81 per barrel compared to USD 77.12 a barrel in January-March 2023.
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