May 26, 2017 / 12:21 PM / 8 months ago

ONGC reports 6 percent fall in fourth-quarter net profit

MUMBAI (Reuters) - Oil and Natural Gas Corporation Ltd (ONGC.NS), India’s biggest hydrocarbon explorer, reported a 6 percent fall in fourth-quarter net profit to 43.40 billion rupees ($673 million) hurt by a one-time provision.

Analysts on average had expected a profit of 49.91 billion rupees.

    Total income of 262.34 billion rupees was up almost 30 percent on higher crude oil prices.

    ($1 = 64.4750 Indian rupees)

    Reporting by Promit Mukherjee; editing by Jason Neely

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below