Oil & Natural Gas Corporation (ONGC) announced a substantial drop in standalone net profit for the quarter ended December 2015. During the quarter, the profit of the company declined 64.00% to Rs 12,856.20 million from Rs 35,712.00 million in the same quarter last year.
Revenues for the quarter declined marginally 2.25% to Rs 184,979.50 million, compared with Rs 189,244.50 million for the prior year period.
Operating margin for the quarter stood at 25.88 percent as compared to 20.03 percent for the previous year period. Operating Income for the quarter was Rs 47,880.70 million, compared with Rs 37901.2 million in the previous year period.
Earnings per share for the quarter stood at Rs 1.50, registering 64.03% decline over previous year period.
Quarterly Results - Standalone (Rs in mn) |
As at | Dec - 15 | Dec - 14 | %Change |
Revenues | 184,979.50 | 189,244.50 | (2.25) |
Net Profit | 12,856.20 | 35,712.00 | (64.00) |
Diluted EPS | 1.50 | 4.17 | (64.03) |
Shares of the company declined Rs 11.2, or 5.23%, to settle at Rs 202.80. The total volume of shares traded was 544,996 at the BSE (Thursday).