ONGC shares rise after Q4 profit jumps 37% to Rs5,915 crore
For the full 2017-18 fiscal, ONGC’s net profit was up 11.4% at Rs19,945 crore. Photo: Reuters
NEW DELHI: Shares of State-owned Oil and Natural Gas Corp. Ltd (ONGC) gained 2% on Thursday after the company reported its highest profit in 17 quarters on back of higher oil prices.
Fourth-quarter net profit jumped 37% to Rs. 5,915.12 crore compared to a profit of Rs. 4,340.18 crore in the same period last year, the company said in a statement on Wednesday.
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