ONGC posts Q4 FY24 standalone PAT at Rs. 9,869 Cr
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ONGC posts Q4 FY24 standalone PAT at Rs. 9,869 Cr

Net profit surges 19 times in Q4 FY24

  • By ICN Bureau | May 22, 2024

Oil and Natural Gas Corporation's (ONGC) has reported standalone net profit of Rs. 9,869 crore in Q4 FY24 as compared to a profit of Rs. 528 crore in the same period of the previous financial year.

For the full 2023-24 fiscal (April 2023 to March 2024), ONGC reported the highest-ever standalone net profit of Rs. 40,526 crore on a revenue of Rs. 1.38 lakh crore. This compared with Rs. 40,097 crore net profit on a revenue of Rs. 1.55 lakh crore.

On a consolidated basis after taking into account the earnings of subsidiaries, including listed companies Hindustan Petroleum Corporation Ltd (HPCL) and MRPL, ONGC had a record consolidated net profit of Rs. 57,101 crore for FY24. 

ONGC said it has invested around Rs. 37,000 crore of capex in FY24 (2023-24 fiscal) compared to Rs. 30,208 crore in the previous fiscal.

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