ONGC posts FY'21 net profit of Rs 11,246 crore
NEW DELHI, JUNE 24 : State-run Oil and Natural Gas Corporation (ONGC_ registered its gross revenue of Rs 68,141 crore in FY 21.
The oil marketing major's gross revenue in the fourth quarter of fiscal 2021 (Q4FY21), was at Rs 21,189 crore.
Profit Before Tax (PBT)

Profit after tax

  • The company's profit after tax (PAT), suffered setback by 16.5 per cent, from Rs 13,464 crore in FY 20 to Rs 11,246 crore in FY 21.
  • In Q4 FY21, PAT of the company was up by 309.5 per cent, at Rs 6,734 crore.
of the oil marketing major was Rs 16,403 crore in FY 21, decline of 19.5 per cent, from Rs 20,388 crore in FY 20.
The company's profit after tax (PAT), suffered setback by 16.5 per cent, from Rs 13,464 crore in FY 20 to Rs 11,246 crore in FY 21.
Profit before tax (PBT)

Profit Before Tax(PBT)

  1. The profit before tax(PBT) of the company zoomed by 322.8 per cent, at Rs 8,928 crore in Q4 FY21 as against Rs (- 4,008) crire in Q4 FY20.
, of the company zoomed by 322.8 per cent, at Rs 8,928 crore in Q4 FY21 as against Rs (- 4,008) crire in Q4 FY20.
The company's board has recommended final dividend of 37 per cent (Rs 1.85 per share).
The company had earlier declared interim dividend of 35 per cent (Rs 1.75 per share) in the year. Thus, the total dividend payout for FY 21 has been 72 per cent (Rs 3.60 per share).
The total dividend payout for FY'21 would be Rs 4,529 crore, the company stated.
Meanwhile, ONGC has declared total 10 discoveries (3 in onland, 7 in offshore) during FY 2020-21 in its operated acreages. Out of these, 6 are prospects (1 in onland, 5 in offshore) and 4 are pools (2 in onland, 2 in offshore). With the monetization of Ashoknagar-1 discovery, the Bengal basin became the eighth sedimentary basin of India from which hydrocarbon has commercially been produced, the company stated.
ONGC posts FY'21 net profit of Rs 11,246 crore character tie phonetics A character tie from phonetics scripted in SVG Website Visitor Counter