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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.
