(ONGC) has announced its fourth quarter results of FY10. It has reported net profit of Rs 3,776 crore as against Rs 2,207 crore, a growth of 71.09% on year-on-year basis (YoY).
Net sales rose 7.36% to Rs 14,713 crore from Rs 13,704 crore (YoY).
Other operating income rose to Rs 1,289 crore from Rs 430 crore (YoY).
Subsidy payout in the fourth quarter was at Rs 4,999 crore as against Rs 852 crore in same period of last year.
Total costs declined to Rs 11,032 crore from Rs 12,168 crore.
Net realisation increased to USD 51.42 a barrel versus USD 43.40/bbl (YoY).
For FY10, the company has reported consolidated net profit of Rs 19,403.5 crore as against Rs 19,795.3 crore and net sales at Rs 1.01 lakh crore versus Rs 1.04 lakh crore.
In a press conference, the management said:
The company paid subsidy of USD 27.74 a barrel in Q4 as against USD 4.45/bbl (YoY).
FY10 net realisation also jumped to USD 55.94/bbl versus USD 47.70/bbl.
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