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Net profit of ONGC declines

Net profit of ONGC declines
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For the year ended March 31, 2013, the net profit of state-run energy explorer ONGC declined to Rs 209,257.00 million from Rs 251,229.20 million in the previous year.

The firm’s total Income rose to Rs 884,521.50 million for the year ended March 31, 2013 from Rs 809,954.20 million in the previous year.

The group posted a net profit after taxes, minority interest and share of profit or (loss) of associates of Rs 242,196.40 million for the year ended March 31, 2013 as compared to Rs 281,436.10 million for the year ended March 31, 2012.

Total Income rose from Rs 1,521,104.30 million for the year ended March 31, 2012 to Rs 1,679,047.80 million for the year ended March 31, 2013.

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