Read more about ONGC Q3 standalone profit slumps 67%; declares 35% dividend on Business Standard. The record date for distribution of dividend has been fixed for February 20, 2021
Oil and Natural Gas Corporation (ONGC) has reported a standalone profit of Rs 1378.23 crore for the third quarter of the financial year 2020-2021. This is 67.39 per cent lower than the Rs 4226.45 crore standalone profit in the comparable year-ago quarter. Standalone total income also declined to Rs 18,242.21 crore from Rs 25,112.55 crore in the same period a year ago. The Board has approved an interim dividend of 35 per cent (Rs 1.75 on each equity share of Rs 5). The total pay-out for this will be Rs 2,201.55 Crore. The record date for distribution of dividend has been fixed for February 20, 2021, the company said. On a consolidated basis, the fall in profit and revenue was less steep. ONGC’s consolidated net profit for the quarter ending December 31,2020, stood at Rs 3763.53 crore, down 31.06 per cent from Rs 5459.23 crore in the year-ago quarter.
