ONGC profit jumps, Dividend announced

Oil and Natural Gas Corporation (ONGC) has announced its latest Q3 results 2019. It has posted 65 % per cent year-on-year rise in net profit at Rs 8,263 crore for the quarter ended December 31 2018.

Last year the profit was Rs 5,015 crore. Revenue of the company increased by 20.4 per cent to Rs 27,694 crore in Q3 of FY19.

The board of directors had declared an interim dividend of Rs 5.25 on each equity share of Rs 5.