ONGC net profit falls 67 per cent YoY on drop in oil, gas prices
PTI
New Delhi |
Updated on
February 13, 2021
× State-owned Oil and Natural Gas Corporation (ONGC) on Saturday reported over 67 per cent fall in the December quarter net profit on back of a drop in oil and gas prices. Standalone net profit in October-December quarter at Rs 1,378 crore was 67.4 per cent lower than Rs 4,226 crore net profit in the same quarter of the previous year, the company said in a statement here. The company realised USD 43.9 on every barrel of crude oil it produced and sold in the third quarter of the current fiscal, down from USD 58.24 a barrel it had realised in the same period a year back.