ONGC FY 2008 numbers

Oil & Natural Gas Corporation gained 0.68% to Rs 861.15 at 14:51 IST on BSE after posting 6.77% rise in net profit to Rs 16701.65 crore on 6.54% increase in net sales to Rs 64859.18 crore in the year ended March 2008 over the year ended March 2007.

The stock hit a high of Rs 876 and a low of Rs 830 so far during the day. The stock had a 52-week high of Rs 1386.90 on 2 November 2007 and a 52-week low of Rs 770 crore on 17 August 2007.

The company has an equity capital of Rs 2138.87 crore. Face value per share is Rs 10.

The current price of Rs 861.15 discounts its Q3 December 2007 annualised EPS of Rs 20.42, by a PE multiple of 42.17.

Oil & Natural Gas Corporation (ONGC)’s net profit fell 2.03% to Rs 2627.1 crore on 21.16% increase in total income to Rs 17659.78 crore in Q4 March 2008 over Q4 March 2007.

On 23 June 2008, ONGC and Mangalore Refinery & Petrochemicals (MRPL) withdraws from Kakinada Refinery & Petrochemicals (KRPL) and Kakinada Special Economic Zone (KSEZ) Projects.

ONGC operates in oil & gas exploration, production and refining.