ONGC Q3 net falls 14% as oil prices dip
Oil and Natural Gas Corp’s profit fell 14% year-on-year to ₹9,536 crore in the October-December quarter as both production and prices of oil and gas declined.
Gross revenue fell 10% to ₹34,789 crore.
ONGC’s crude oil production fell 3% to 5.2 million metric tonnes during the quarter. Its gas output fell 4% to 5.1 billion cubic meters.
