{"id":360495,"date":"2020-07-01T10:59:19","date_gmt":"2020-07-01T05:29:19","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=360495"},"modified":"2020-07-01T11:37:55","modified_gmt":"2020-07-01T06:07:55","slug":"ongc-q4-results-reports-standalone-net-loss-of-rs-3098-crore-on-impairment-loss-of-rs-4899-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ongc-q4-results-reports-standalone-net-loss-of-rs-3098-crore-on-impairment-loss-of-rs-4899-crore\/","title":{"rendered":"ONGC Q4 results: Reports standalone net loss of Rs 3,098 crore on impairment loss of Rs 4,899 crore"},"content":{"rendered":"<p>New Delhi: Oil &amp; Natural Gas Corporation (ONGCNSE -1.78 %) on Tuesday posted a standalone net loss of Rs 3,098.26 crore for the quarter ended March 31 due to exceptional item towards impairment loss of Rs 4,899 crore.<\/p>\n<p>It had posted a net profit of Rs 4,239.50 crore in the corresponding quarter last year.<\/p>\n<p>Revenue from operations declined 19.81 per cent year-on-year (YoY) to Rs 21,456.20 crore during the quarter under review against Rs 26,758.46 crore in the same period last year. <\/p>\n<p>An impairment loss is a recognised reduction in the carrying amount of an asset that is triggered by a decline in its fair value.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: Oil &amp; Natural Gas Corporation (ONGCNSE -1.78 %) on Tuesday posted a standalone net loss of Rs 3,098.26 crore for the quarter ended March 31 due to exceptional item towards impairment loss of Rs 4,899 crore. It had posted a net profit of Rs 4,239.50 crore in the corresponding quarter last year. Revenue from operations declined 19.81 per cent year-on-year (YoY) to Rs 21,456.20 crore during the quarter under review against Rs 26,758.46 crore in the same period last year. An impairment loss is a recognised reduction in the carrying amount of an asset that is triggered by [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-360495","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/360495","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=360495"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/360495\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=360495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=360495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=360495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}