ONGC Q3 net dips 6% to Rs 4,367 cr

Public sector major Oil & Natural Gas Corporation on Monday reported 6.46 per cent decline in net profit at Rs 4,366.54 crore (Rs 43.66 billion) for the quarter ended December 31, 2007 compared to Rs 4,668.31 crore (Rs 46.68 billion) in the year-ago period.

The total income fell 1.75 per cent to Rs 15,983.81 crore (Rs 159.83 billion) for the third quarter this fiscal from Rs 16,269.01 crore (Rs 162.69 billion) in the corresponding period last year, a company statement said.

Shares of the company were trading at Rs 1,114.95, down 7.8 per cent in afternoon trade at the Bombay Stock Exchange.