ONGC Apr-Jun quarter net up 48% at Rs 6,077 cr

Revenue up from Rs 17,129 crore in Q1 versus Rs 21,216 crore in the Q1 of current fiscal

State-owned Oil and Natural Gas Corp (ONGC) today reported a 48% jump in its June quarter net profit to Rs 6,077.70
crore.

ONGC had posted a net profit of Rs 4,094.90 crore in the April-June period of last financial year, the company said in a filing to the stock exchanges.

Revenue increased from Rs 17,128.89 crore for the quarter ended June 30, 2011 to Rs 21,216.24 crore in the Q1 of current fiscal.