Oil and Natural Gas Corp, India's top explorer, said on Thursday first-quarter standalone profit fell 8 per cent, below analysts' expectations. Standalone profit from ONGC's operations in India was Rs 3,885 crore ($606.01 million) for the three months ended June 30, down from Rs 4,233 crore a year earlier, the company said. Analysts on average expected ONGC to post a standalone profit of Rs 4,325 crore, Thomson Reuters data showed. Revenue from the company's offshore operations rose 4.2 per cent to Rs 13,068 crore in the quarter.
ONGC Q1 standalone net drops 8% at Rs 3,885 cr
Revenue from the company's offshore operations rose 4.2%to Rs 13,068 cr in the quarter
Reuters Last Updated at July 27, 2017 17:59 IST