ONGC shares fall 4% after Q3 earnings and dividend announcement
ONGC shares fell 4% after reporting a 23% YoY increase in net profit to ₹11,946.42 cr for Q3. Despite strong earnings, the stock faced a decline due to lower earnings per barrel and a dividend announcement of ₹6.25.
after close1 source ↓written by the desknot a recommendation
- to an intraday
- 3.75%
- following its Q3
- ₹266
- in consolidated net
- 23% YoY increase
- net profit
- ₹11,946.42 cr
- barrel fell
- 10%
Shares of Oil & Natural Gas Corporation declined 3.75% to an intraday low of ₹266 following its Q3 earnings report. Despite a 23% YoY increase in consolidated net profit to ₹11,946.42 cr, earnings per barrel fell over 10%. The board declared a ₹6.25 dividend. The stock has gained 10% over the month, but faced pressure today.
Not investment advice. For informational purposes only.