{"id":580510,"date":"2023-05-30T09:40:16","date_gmt":"2023-05-30T04:10:16","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=580510"},"modified":"2023-05-30T10:56:37","modified_gmt":"2023-05-30T05:26:37","slug":"ongc-shares-fall-over-4-after-q4-profit-declines-53-what-should-investors-do-now","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ongc-shares-fall-over-4-after-q4-profit-declines-53-what-should-investors-do-now\/","title":{"rendered":"ONGC shares fall over 4% after Q4 profit declines 53%. What should investors do now?"},"content":{"rendered":"<p>Shares of state-owned firm ONGC fell 4.3% to Rs 156.5 in Monday&#8217;s intraday trade on BSE after the firm&#8217;s consolidated net profit fell 53% to Rs 5,701 crore for the quarter ended March. The profit stood at Rs 12,061 crore in the March quarter of last year.<\/p>\n<p>Its revenue from operations during the reporting quarter rose 5% to Rs 1.64 lakh crore. It was Rs 1.55 lakh crore in the corresponding quarter of last year. <\/p>\n<p>On a standalone basis, the company reported a net loss of Rs 248 crore during the March quarter, compared with a profit of Rs 8,860 crore in the same quarter last year. Standalone gross revenues rose 5% to Rs 36,293 crore in the said period.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of state-owned firm ONGC fell 4.3% to Rs 156.5 in Monday&#8217;s intraday trade on BSE after the firm&#8217;s consolidated net profit fell 53% to Rs 5,701 crore for the quarter ended March. The profit stood at Rs 12,061 crore in the March quarter of last year. Its revenue from operations during the reporting quarter rose 5% to Rs 1.64 lakh crore. It was Rs 1.55 lakh crore in the corresponding quarter of last year. On a standalone basis, the company reported a net loss of Rs 248 crore during the March quarter, compared with a profit of Rs 8,860 [&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-580510","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\/580510","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=580510"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/580510\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=580510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=580510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=580510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}