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  Business   Companies  31 May 2018  ONGC shares gain nearly 4 per cent after Q4 results

ONGC shares gain nearly 4 per cent after Q4 results

PTI
Published : May 31, 2018, 1:14 pm IST
Updated : May 31, 2018, 1:14 pm IST

The board of directors of ONGC recommended a final dividend of Rs 1.35 per share (27 per cent).

State-owned ONGC's net profit in three-months to March 31, 2018, jumped 37 per cent on back of higher oil prices.
 State-owned ONGC's net profit in three-months to March 31, 2018, jumped 37 per cent on back of higher oil prices.

New Delhi: Shares of Oil and Natural Gas Corp (ONGC) on Thursday rose by nearly 4 per cent after the company reported its highest profit in 17 quarters.

The stock, after a positive opening, further jumped 3.50 per cent to Rs 180.05 as the trade progressed on BSE.

On NSE, shares of the company went up by 3.64 per cent to Rs 180.35. State-owned ONGC's net profit in three-months to March 31, 2018, jumped 37 per cent on back of higher oil prices.

Net profit in the fourth quarter of 2017-18 at Rs 5,915.12 crore, or Rs 4.61 a share, was higher than Rs 4,340.18 crore net in the same period of the previous fiscal, the company said in a statement on Thursday.

The board of directors of ONGC recommended a final dividend of Rs 1.35 per share (27 per cent). This is in addition to the interim dividend of Rs 5.25 per share declared in two phases previously. 

Tags: ongc, profit, shares, revenue
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