ONGC announces FY 2008 Net Profit at Rs 19872.26 Crores

Oil & Natural Gas Corporation Ltd (ONGC) has announced the results for the quarter & year ended March 31, 2008.The Unaudited results for the Quarter ended March 31, 2008: The Company has posted a net profit for the period of Rs 26271.00 million for the quarter ended March 31, 2008 as compared to Rs 26816.40 million for the quarter ended March 31, 2007. Total Income has increased from Rs 145759.20 million for the quarter ended March 31, 2007 to Rs 176597.80 million for the quarter ended March 31, 2008.The Audited results for the Year ended March 31, 2008: The Company has posted a net profit for the period of Rs 167016.50 million for the year ended March 31, 2008 as compared to Rs 156429.20 million for the year ended March 31, 2007. Total Income has increased from Rs 608759.10 million for the year ended March 31, 2007 to Rs 648591.80 million for the year ended March 31, 2008.The Audited consolidated results for the Year ended March 31, 2008: The Group has posted a net profit for the period of Rs 198722.60 for the year ended March 31, 2008 as compared to Rs 177696.00 million for the year ended March 31, 2007. Total Income has increased from Rs 870056.20 million for the year ended March 31, 2007 to Rs 1013364.90 million for the year ended March 31, 2008.