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ONGC Scrip Surges By Over 6% After Reporting Robust Q3FY19 Earnings
The shares of Oil and Natural Gas Corporation (ONGC) climbed higher by as much as 5.5% in early morning trade after the company announced strong quarterly numbers for the third quarter of FY19.
Net profit of the company for the third quarter stood at Rs. 8,263 crore, 65% higher in comparison to the corresponding quarter a year ago.
Gross revenue of the company also surged 20.4% y-o-y to Rs 27,694 crore.
The board also approved an interim dividend of Rs 5.5 per share.
The company made an intra-day high of Rs. 140.80 on the BSE and last quoted at Rs. 140.50, higher by 6.36% against previous day closing of Rs. 132.1.
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