Oil & Natural Gas Corporation Ltd.
-4.15 (-1.68%) Oil & Natural Gas Corporation reports 64% fall in Q2 consolidated net profit
Date: 15-11-2022Oil and Natural Gas Corporation (ONGC) has reported results for second quarter ended September 30, 2022.
The company has reported a fall of 30.09% in its net profit at Rs 12825.99 crore for the quarter under review as compared to Rs 18347.73 crore for the same quarter in the previous year. However, total income of the company increased by 52.18% at Rs 41850.19 crore for Q2FY23 as compared Rs 27500.14 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported fall of 63.57% in its net profit at Rs 6830.16 crore for the quarter under review as compared to Rs 18749.16 crore for the same quarter in the previous year. However, total income of the company increased by 38.52% at Rs 170984.28 crore for Q2FY23 as compared Rs 123440.32 crore for the corresponding quarter previous year.