Oil & Natural Gas Corporation reports over 2-fold jump in Q2 consolidated net profit

13 Nov 2023 Evaluate

Oil & Natural Gas Corporation has reported results for second quarter ended September 30, 2023 (Q2FY24). 

The company has reported 20.35% fall in its net profit at Rs 10,216.32 crore for the quarter under review as compared to Rs 12,825.99 crore for the same quarter in the previous year. Total income of the company decreased by 11% at Rs 37,248.72 crore for Q2FY24 as compared to Rs 41,850.19 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported over 2-fold jump in its net profit at Rs 16,553.32 crore for Q2FY24 as compared to Rs 6,830.10 crore for the same quarter in the previous year. However, total income of the company decreased by 12.63% at Rs 149,388.45 crore for Q2FY24 as compared to Rs 170,982.05 crore for the corresponding quarter previous year.


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