New Delhi: State-owned oil marketing company, Oil and Natural Gas Corp Ltd (ONGC), recorded a 61 percent rise in profit in the second quarter of the current fiscal and beat forecasts, a financial report released by the company showed. ONGC's net profit stood at Rs 8,265 crore in the quarter ended 30 September, compared with Rs 5,130 crore a year earlier, the company said in a stock exchange filing.
At operating level, EBITDA (earnings before interest, tax, depreciation and amortisation) increased 7.2 percent to Rs 15,788.74 crore and margin expanded 226 bps to 56.4 percent in quarter ended September 2018.
