ONGC beats profit estimate on oil price surge

ONGC reported higher-than-expected profits driven by a surge in global oil and gas prices. Revenue rose 18% YoY with EBITDA up 22%, surpassing analyst forecasts. Strong commodity prices and improved production volumes boosted margins. Government dividend expectations remain unchanged.

📊 STOCKS: $ONGC | 🏢 SECTOR: Energy | #HIGHIMPACT #Energy