{"id":449790,"date":"2021-11-15T10:58:31","date_gmt":"2021-11-15T05:28:31","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=449790"},"modified":"2021-11-15T10:58:31","modified_gmt":"2021-11-15T05:28:31","slug":"ongc-net-vaults-565-to-rs-18374-crore-in-q2-on-high-oil-prices-lower-tax-liability","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ongc-net-vaults-565-to-rs-18374-crore-in-q2-on-high-oil-prices-lower-tax-liability\/","title":{"rendered":"ONGC net vaults 565% to Rs 18,374 crore in Q2 on high oil prices, lower tax liability"},"content":{"rendered":"<p>NEW DELHI: State-run explorer ONGC on Friday posted a net profit Rs 18,347 crore in the second quarter, marking a 565% jump over Rs 2,758 crore in previous corresponding period on the back of elevated oil prices and reduced tax liabilities.<br \/>\nRevenue surged 44% to Rs 24,353 in the July-September period against Rs 16,917 crore in the same period of 2020.<br \/>\nThe company&#8217;s board also declared an interim dividend of Rs 5.50 per share, which traded 0.85% higher to settle at Rs 154.80 on the NSE.<br \/>\nThe company decided to opt for a lower tax regime with effect from 2020-21 and re-measured its net deferred tax liabilities. The move lowered deferred tax by Rs 8,541 crore and current tax by Rs 1,304 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: State-run explorer ONGC on Friday posted a net profit Rs 18,347 crore in the second quarter, marking a 565% jump over Rs 2,758 crore in previous corresponding period on the back of elevated oil prices and reduced tax liabilities. Revenue surged 44% to Rs 24,353 in the July-September period against Rs 16,917 crore in the same period of 2020. The company&#8217;s board also declared an interim dividend of Rs 5.50 per share, which traded 0.85% higher to settle at Rs 154.80 on the NSE. The company decided to opt for a lower tax regime with effect from 2020-21 [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,219,137],"tags":[],"class_list":["post-449790","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/449790","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=449790"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/449790\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=449790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=449790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=449790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}