ONGC third-quarter profit rises 15%, but misses expectations

India's top explorer Oil and Natural Gas Corp Ltd reported a 15 percent rise in third-quarter profit on Friday, but missed analysts' expectations.

ONGC third-quarter profit rises 15%, but misses expectations

India's top explorer Oil and Natural Gas Corp Ltd reported a 15 percent rise in third-quarter profit on Friday, but missed analysts' expectations.

Standalone net profit rose to Rs 5,015 crore in the three months ended December 31, from Rs 4,352 crore a year earlier, the state-run company said in a statement.

Analysts on average had expected a profit of Rs 6,146 crore, according to data compiled by Thomson Reuters.

Revenue from its offshore segment was up 14 percent to Rs 15,921 crore.

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