ONGC clocks 62% yoy growth in revenue at Rs1,10,345 crore in Q4FY22; PAT at Rs40,360 crore

30 May 2022 , 03:53 PM

Oil and Natural Gas Corporation (ONGC) has declared its results for the quarter and financial year ended March 31, 2022.

The company has reported gross revenue of Rs34,497 crore during Q4FY22 as compared to Rs21,189 crore in Q4FY21, registering a growth of 62.80% yoy. For FY22, the company has reported the highest ever revenue of Rs1,10,345 crore as compared to Rs68,141 crore in FY21, up by a whopping 61.90% yoy.

PAT for Q4FY22 was reported at Rs8,860 crore as compared to Rs6,734 crore in Q4FY21, up by 31.60% yoy. For FY22, the company achieved the highest-ever PAT of Rs40,306 crore, registering a massive growth of 258.40% yoy as against Rs11,246 crore during FY21.

PBT for the quarter under review stood at Rs11,714 crore as compared to Rs8,928 crore in the previous corresponding quarter, up by 31.20% yoy. For FY22, PBT was Rs41,040 crore as compared to Rs11,246 crore in FY21, clocking a growth of 150.20% yoy.

The company approved a total dividend for FY22 of Rs10.50 per share (210%) considering an interim dividend of Rs7.25 per share (145%) and a Final dividend of Rs3.25 per share (65%).

ONGC ended at Rs143.90 up by Rs0.15 or 0.1% from its previous closing of Rs143.75 on the BSE. The scrip touched day’s high and low of Rs147.35 and Rs141.15 respectively.