The Oil and Natural Gas Corporation (ONGC) has reported a 20 per cent drop in the September quarter net profit on a decline in oil prices and lower output.
The company reported a net profit of Rs 10,216 crore in July-September quarter compared with Rs 12,826 crore in the same period last year.
This is the second consecutive quarter of decline in net profit for ONGC, India’s top crude oil and natural gas producer.
