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ONGC Q3 net profit halves on fall in oil, gas prices, output

Updated : February 15, 2020 09:32 AM IST

Standalone net profit in October-December at Rs 4,152 crore was 49.8 percent lower than Rs 8,263 crore net profit in the same period of the previous fiscal.
ONGC got 10 percent lower price at $59.73 for the crude oil it produced and 4 percent lower rate for natural gas at $3.23 per million British thermal unit.
Lower oil prices led to revenues dropping 14.4 percent to Rs 23,710 crore in the third quarter of current fiscal.
ONGC Q3 net profit halves on fall in oil, gas prices, output

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