ONGC Board has recommended final dividend of 15% (Photo: Bloomberg)
ONGC Board has recommended final dividend of 15% (Photo: Bloomberg)

ONGC's Q4 standalone net profit drops 31% to 4,045 crore

  • However, the company reported its highest ever consolidated net profit at 33,887 crore, up 30% on annual basis
  • The standalone net profit in March 2018 was 5,915 crore

Mumbai: Diversified energy major ONGC on Thursday reported a decline of 32% in its standalone net profit for the quarter ended March 31, 2019.

According to the company, the standalone Q4 net profit declined to 4,045 crore against 5,915 crore reported during the corresponding period of previous fiscal.

However, on a full fiscal basis, the energy major reported a 34% jump in net profit to 26,716 crore against 19,945 crore in the 2017-18.

The company further reported its highest ever consolidated net profit at 33,887 crore, up 30% on an annual basis.

"The ONGC Board has recommended final dividend of 15%. The company had earlier declared interim dividends of 125% during the year; thus the total dividend for FY19 has been 140% as against 132% in last year," the company said in a statement.

"The total dividend payout for FY19 would be 8,806 crore (excluding Dividend Distribution Tax)."

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

Close