ONGC Result Update

Research report by 'Ventura Securities Ltd'
     
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ONGC reported a decline in total income of 13% to Rs 15,080 crore, while its net profit rose 5.9% to Rs 5,089 crore over the same period of last year due to a lower subsidy outgo & higher per barrel realisation on crude oil sales. The contribution of crude oil in the total income was down 3.4% while gas was marginally higher


   
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