ONGC Q3FY22 Show Examine | Tap is expected to increase five-hundred% out of this past year, revenue to increase 65%
ONGC India
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Oils and you can Gas Corp (ONGC) is anticipated to help you experience more than 500 per cent increase in the stand alone profit just after tax (PAT) as compared to this past year and you may standalone profits are needed to enhance from the 65 per cent on-seasons supported by large rough and you can gas costs partly negated because of the this new decline in amounts useful content.
Towards the good quarterly foundation, adjusted Pat is anticipated so you’re able to decline by cuatro percent and you can revenues can get increase by fifteen percent, positives told you.
The state-possessed coal and oil mining and you may production organization is planned to announce the results for the brand new quarter ended in the evening now.
The firm got advertised a separate Tap out of Rs step one,378 crore in the associated months last year, that have incomes of Rs 17,024 crore. In the previous quarter regarding the fiscal, the Pat towards the organization endured on Rs 18,348 crore with earnings from the Rs 24,354 crore. The business had received good deferred and you can most recent taxation borrowing from the bank out of Rs 8,686 crore.
Brokerage Kotak Institutional Equities predict the organization to help you statement 65 percent to your-season growth in profits so you’re able to Rs twenty-eight,052 crore. (more…)