ONGC’s FY23-24: Revenue up slightly to Rs. 1.66 lakh cr, net profit jumps 78% to Rs. 11,526.53 cr. Board suggests Rs 2.50 dividend each (1237) on equity share of Rs5 each.
EBITDA at Rs 25,772 crore tilted higher than most estimates (4950). During the 4th quarter ended March the company earned about for more than what it did in same period previous year. do not pay heed to any stock tips based on this information alone.
Crude production grew by 2.4% while natural gas output fell by 3% versus Q4FY’22; In FY23-24, total 11 hydrocarbon finds were notified by ONGC.
