ONGC Q4 consolidated profit declines 20% to ₹8,856 crore

STATE-OWNED OIL AND gas exploration major Oil and Natural Gas Corporation (ONGC) on Wednesday reported a 20% decline in its consolidated net profit for the fourth quarter of financial year 2024-25 at ₹8,856.33 crore against ₹11,096.03 crore in Q4FY24.

- ARUNIMA BHARADWAJ

STATE-OWNED OIL AND gas exploration major Oil and Natural Gas Corporation (ONGC) on Wednesday reported a 20% decline in its consolidated net profit for the fourth quarter of financial year 2024-25 at ₹8,856.33 crore against ₹11,096.03 crore in Q4FY24. On a sequential basis, the net profit declined by 9% from ₹9,783.64 crore in Q3FY25.

The company's revenue from operations during the quarter under review stood at ₹1.70 lakh crore, down marginally from ₹1.72 lakh crore in Q4FY24. Total income stood at ₹1.73 lakh crore during the quarter under review, down from ₹1.75 lakh crore in Q4FY24.