Oil and Natural Gas Corp.’s standalone net profit fell 0.23% in the fourth quarter of financial year 2024, but surpassed analysts’ estimates.
The state-run crude oil producer’s profit declined to Rs 9869.37 crore in the January–March period, according to an exchange filing on Monday. Analysts tracked by Bloomberg had a consensus estimate of Rs 9,158.1 crore.
The company’s board also recommended a final dividend of Rs 2.50 per equity share for the financial year 2024.