ONGC reports 19% fall in Q2 consolidated net profit
14th Nov 2020

Oil and Natural Gas Corporation (ONGC) has reported results for the second quarter ended September 30, 2020.

The company has reported a fall of 54.58% in its net profit at Rs 2,877.84 crore for the quarter under review as compared to net profit of Rs 6,336.20 crore for the same quarter in the previous year. Total income of the company decreased by 29.46% at Rs 19,152.59 crore for Q2FY21 as compared Rs 27,152.80 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 18.95% in its net profit attributable to owners at Rs 4,335.31 crore for the quarter under review as compared to net profit at Rs 5,349.20 crore for the same quarter in the previous year. Total income of the company decreased by 17.09% at Rs 85,577.85 crore for Q2FY21 as compared Rs 103,215.13 crore for the corresponding quarter previous year.