{"id":430870,"date":"2021-08-16T11:47:01","date_gmt":"2021-08-16T06:17:01","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=430870"},"modified":"2021-08-16T13:24:43","modified_gmt":"2021-08-16T07:54:43","slug":"ongc-q1-results-net-profit-soars-800-to-rs-4335-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ongc-q1-results-net-profit-soars-800-to-rs-4335-crore\/","title":{"rendered":"ONGC Q1 results: Net profit soars 800% to Rs 4,335 crore"},"content":{"rendered":"<p>New Delhi: State-owned Oil and Natural Gas Corp (ONGC NSE -0.17 %) net profit soared by nearly 800 per cent in the first quarter of the current fiscal after more than doubling of oil prices compensated for a fall in production. Net profit in April-June at Rs 4,335 crore was 772.2 per cent 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.<\/p>\n<p>The firm got USD 65.59 for every barrel of crude oil it produced and sold in the first quarter of the 2021-22 fiscal as compared to USD 28.87 per barrel realisation in April-June 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: State-owned Oil and Natural Gas Corp (ONGC NSE -0.17 %) net profit soared by nearly 800 per cent in the first quarter of the current fiscal after more than doubling of oil prices compensated for a fall in production. Net profit in April-June at Rs 4,335 crore was 772.2 per cent 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. The firm got USD 65.59 for every barrel of crude oil it produced and sold in the first quarter [&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-430870","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\/430870","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=430870"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/430870\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=430870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=430870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=430870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}