ONGC net profit rises by 6% to Rs 4975 crore; announces bonus issue
State-owned ONGC reported net profit of Rs 4974.92 crore for the second quarter ended September 30, 2016 (Q1FY17), registering growth of 6.27% year-on-year and 17.53% rise on quarter-on-quarter (qoq) basis.
In its meeting held on Thursday, ONGC's board also approved a bonus issue. The company said that it will issue one free share for every two held. Photo: Pixabay