ONGC Q1 net up 19% at Rs 4,782 cr

Net sales rise 13.5% to Rs 21,813 cr

State-owned oil company Oil and Natural Gas Corporation Limited reported a 19% rise in net profit at Rs 4,782 crore for the quarter ended June 2014. It was Rs 4,016 crore in the same period a year ago.

The net sales increased 13.5% to Rs 21,813 crore as against Rs 19,218 crore in June 2013.

ONGC notified five oil, gas discoveries in Q1.

The gross realisation was at $109.48/barrel as compared to $103.06/barrel a year ago.

The ONGC stock on Bombay Stock Exchange closed 0.91% lower at Rs 401.80.