ONGC jumps 6% post strong Q3 earnings

NEW DELHI: Shares of ONGC jumped over 6 per cent on Friday morning after the company posted 64.77 per cent year-on-year rise in profit at Rs 8,262.70 crore for the quarter ended December 31.

The scrip closed at Rs 135.10 up 2.27 per cent on BSE while the benchmark BSE Sensex closed 0.19 per cent down at 35,808.95.

The oil major had posted a profit of Rs 5,014.67 crore in the corresponding quarter last year.


Revenue of the company increased by 20.43 per cent YoY to Rs 27,694.09 crore in Q3FY19. Other income jumped 88.68 per cent YoY to Rs 2,224.62 crore during the quarter under review.

Meanwhile, ONGC shares opened at Rs 139 on BSE against its previous closing of Rs 132.10.