ONGC Q3FY22 Overall performance Preview | Pat is expected to rise 500% regarding a year ago, income to improve 65%

ONGC India

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Petroleum and you can Gas Corp (ONGC) is expected in order to experience more than 500 per cent rise in the stand alone profit once tax (PAT) compared to just last year and you may standalone revenue are needed to expand by the 65 % for the-seasons supported by highest rough and gas cost partially negated by the latest decline in volumes.

Towards the an effective every quarter basis, modified Tap is expected to decline by 4 percent and you will incomes get boost from the fifteen percent, advantages said.

The official-owned coal and oil mining and you may manufacturing organization is planned so you’re able to mention its results for brand new one-fourth finished at night now.

The organization had reported a standalone Pat away from Rs step one,378 crore regarding the involved period just last year, with revenue out-of Rs 17,024 crore. In the previous quarter regarding the financial, the fresh new Pat on the providers stood from the Rs 18,348 crore having incomes within Rs 24,354 crore. The company had been administered a good deferred and newest tax borrowing from Rs 8,686 crore.

Brokerage firm Kotak Organization Equities assume the firm to report 65 % towards the-year development in income so you’re able to Rs twenty-eight,052 crore. Continue Reading