Diversified power main ONGC on Saturday reported a decline of 67.4 per cent in its standalone web revenue for Q3FY21 on a year-on-year foundation.
Based on the corporate, the standalone Q3FY21 web revenue fell to Rs 1,378 crore towards Rs 4,226 crore reported in the course of the corresponding interval of earlier fiscal.
Equally, gross revenues declined 28.2 per cent to Rs 17,024 crore towards Rs 23,710 crore in FY20.
“Regardless of countrywide lockdown resulting from Covid-19 pandemic, ONGC has nearly reached final yr’s manufacturing ranges in case of crude oil from its operated blocks,” the corporate stated in an announcement.
“The shortfall in fuel manufacturing is primarily resulting from much less offtake by prospects resulting from Covid-19 pandemic.”
On a consolidated foundation, the corporate reported an increase of 31 per cent in its Q3FY21 web revenue to Rs 3,764 crore from Rs 5,459 crore on a YoY foundation.
Nonetheless, the consolidated web revenue attributable to homeowners was down 46.9 per cent to Rs 2,643 crore from Rs 4,979 crore reported for the corresponding interval of the earlier yr.
As well as, the consolidated gross revenues declined 8.4 per cent to Rs 1,00,289 crore towards Rs 1,09,466 crore in FY20.
“Board has accredited interim dividend of 35 per cent, i.e. Rs 1.75 on every fairness share of Rs 5.”
“The full payout on this account shall be ? 2,201.55 crore. The file date for distribution of dividend has been mounted for twentieth February, 2021 which has been intimated to the inventory exchanges.”
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