ONGC Q4 Profit Rises 44% on Forex Gains

The Economic Times - - Companies -

Oil and Nat­u­ral Gas Corp on Thurs­day re­ported a 44% jump in its fourth quar­ter as for­eign ex­change gains and lesser write off on drilling of un­suc­cess­ful wells made up for a steep rise in sub­sidy outgo. Net profit in Jan­uary-March quar­ter rose to .` 4,889 crore from .` 3,387 crore a year ago, ONGC CMD Di­nesh K Sar­raf said.

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