ONGC Q4 net profit drops 20% to Rs 3,935 cr

Net sales rise 2% to Rs 21,303 cr

India's top energy explorer Oil and Natural Gas Corp reported a 20% drop in quarterly net profit on Thursday.

ONGC said net profit was Rs 3,935 crores in its fiscal fourth quarter to March 31, down from Rs 4,889 crores a year earlier.

Sales for the quarter rose 2% to Rs 21,303 crores versus Rs 20,881 crores a year ago.