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ONGC Q2 profit surges 35% to Rs 8,265 cr on other income; revenue rises 3% QoQ

3 November, 2018 12:44 PM
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ONGC Q2 profit surges 35% to Rs 8,265 cr on other income; revenue rises 3% QoQ

Oil and Natural Gas Corporation (ONGC) has reported a healthy 34.5 percent sequential growth in second quarter profit to Rs 8,264.6 crore, largely driven by other income and operating margin.

Revenue from operations grew by 2.9 percent during the quarter to Rs 27,989.1 crore compared to Rs 27,212.8 crore in April-June period, the PSU oil & gas exploration company said.

At operating level, EBITDA (earnings before interest, tax, depreciation and amortisation) increased 7.2 percent sequentially to Rs 15,788.74 crore and margin expanded 226 bps to 56.4 percent in quarter ended September 2018.

Source: moneycontrol.com

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