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Mint Explainer: How did ONGC double its consolidated net profit in Q1?

It was largely due to a 16.9% decrease in its expenses ....

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ONGC Q1 Net Profit Drops 34% On Lower Oil Prices, Output

ONGC, Indias top crude oil and natural gas producer, earned USD 76.49 for every barrel of crude oil it produced and sold from nomination fields against a net realisation of USD 108.55 per barrel last year. ....

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ONGC Q1 results: Net profit surges 800% to Rs 4,335 cr

Net profit in April-June at Rs 4,335 crore was 772.2% higher than Rs 497 crore in Q1 of previous fiscal when demand, as well as price, had plummeted due to coronavirus-related lockdown, the company said in a statement ....

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