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ONGC posts loss of Rs 10,529 cr in Q4 over falling crude prices, lockdown

The company's revenue from operations declined by 7 per cent to Rs 104,489 crore for the period under review, compared to Rs 112,539 crore in Q4FY19.

Topics
ONGC | Oil and Natural Gas Corporation | Lockdown

Shine Jacob  |  New Delhi 



ongc, oil, gas, petrol
The combined impact of reduced demand, Covid, reduced offtake and lower crude prices had an impact on our numbers to the tune of Rs 4,900 crore,

State-run (ONGC) reported a pre-tax loss of Rs 10,529 crore in the fourth quarter of the financial year 2019-20 (Q4FY20) because of a drop in crude oil prices, the impact of the lockdown, and exchange losses.

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First Published: Tue, June 30 2020. 20:01 IST

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