International Journal For Multidisciplinary Research

E-ISSN: 2582-2160     Impact Factor: 9.24

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

Call for Paper Volume 6 Issue 6 November-December 2024 Submit your research before last 3 days of December to publish your research paper in the issue of November-December.

A Study on Determinants of Profitability of Oil and Natural Gas Corporation Limited

Author(s) K.SATYA BHAMA
Country India
Abstract Oil and Natural Gas Corporation (ONGC) is the largest oil and gas company in India. The sustainable development of a firm is dependent on the profit earned during a long period consistently. The profit earned helps the firm to improve the performance. The profit of a firm could be determined by various factors. From the revenue point of view, the operating revenue and other income are the major sources of revenue whereas the expenditure items would affect the net profit inversely. This paper has been undertaken with the aim of understanding the influence of revenue and expenditure items on the net profit. In this regard, the annual reports of ONGC for the period of 10 years from 2014-15 to 2023.24 have been collected. The data collected from the annual reports have been grouped and tabulated wherever necessary. The data so collected have been analyzed using mean, standard deviation, coefficient of variation, compounded annual growth rate, ANOVA and multiple regression analysis. The results indicated that the revenue items have positively influenced the net profit while the expenditure items have negatively influenced the net profit of the firm. The major determinant of the net profit of ONGC is found to be the net revenue from operations.
Keywords Net operating revenue; other income; operating and direct expenses; employee benefit expenses; finance costs and net profit.
Field Arts
Published In Volume 6, Issue 6, November-December 2024
Published On 2024-12-01
Cite This A Study on Determinants of Profitability of Oil and Natural Gas Corporation Limited - K.SATYA BHAMA - IJFMR Volume 6, Issue 6, November-December 2024. DOI 10.36948/ijfmr.2024.v06i06.32220
DOI https://doi.org/10.36948/ijfmr.2024.v06i06.32220
Short DOI https://doi.org/g8tgp3

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