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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


A technician is pictured inside a desalter plant of Oil and Natural Gas Corp (ONGC) on the outskirts of Ahmedabad (Photo: Reuters)

and Natural Gas Corp, India's top explorer, said on Thursday first-quarter standalone fell 8 per cent, below analysts' expectations.

Standalone 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 to post a standalone of Rs 4,325 crore, Thomson Reuters data showed.

from the company's offshore operations rose 4.2 per cent to Rs 13,068 crore in the quarter.


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First Published: Thu, July 27 2017. 17:59 IST