ONGC Q2 net profit at Rs. 5,131 crore; up 3%



ONGC reported the Quarterly results for the second quarter ended 30 September 2017.


Gross Revenue Rs. 18,966 Crore, up 3% Q-o-Q
Net Profit Rs. 5,131 Crore, up 3% Q-o-Q
Records 8% increase in Natural Gas Production; 1% increase in Crude Oil Production and 10% increase in VAP production Q-o-Q
Notifies 9 discoveries so far in FY’18
Declares interim dividend of 60%

ONGC has notified 9 discoveries so far in FY’18 out of which 4 discoveries have been made since last press release on 27 July 2017 (1 new prospect and 3 new pool discoveries). Out of the four discoveries, two discoveries each have been made in offshore blocks and onshore blocks.