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India's Oil and Natural Gas Corp on Thursday posted a 64.8 percent jump in third-quarter profit, handily beating analysts estimates, boosted by higher revenue from offshore operations.

ONGC's profit stood at 82.63 billion rupees ($1.16 billion) in the quarter ended Dec. 31, compared with 50.15 billion rupees a year earlier, the oil and gas explorer said in a stock exchange filing.

Analysts on average had expected a profit of 73.71 billion rupees, according to Refinitiv data.

Revenue from operations climbed over 20 percent to 276.94 billion rupees, while revenue from offshore operations rose 19.1 percent, ONGC said.

Copyright Reuters, 2019
 

 

 

 

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