{"id":616937,"date":"2023-11-13T11:41:47","date_gmt":"2023-11-13T06:11:47","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=616937"},"modified":"2023-11-13T11:41:47","modified_gmt":"2023-11-13T06:11:47","slug":"ongc-q2-net-profit-drops-20-on-lower-oil-prices-output","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ongc-q2-net-profit-drops-20-on-lower-oil-prices-output\/","title":{"rendered":"ONGC Q2 net profit drops 20% on lower oil prices, output"},"content":{"rendered":"<p>NEW DELHI: State-owned Oil and Natural Gas Corporation (ONGC) reported a 20 per cent drop in September quarter next profit on decline in oil prices and lower output.<\/p>\n<p>The company reported a net profit of Rs 10,216 crore in July-September (second quarter of current 2023-24 fiscal year), compared to Rs 12,826 crore earning in the same period last year, a statement said.<\/p>\n<p>This is the second consecutive quarter of a decline in net profit for ONGC, India&#8217;s top crude oil and natural gas producer. The firm had reported a 34 per cent drop in April-June profit.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: State-owned Oil and Natural Gas Corporation (ONGC) reported a 20 per cent drop in September quarter next profit on decline in oil prices and lower output. The company reported a net profit of Rs 10,216 crore in July-September (second quarter of current 2023-24 fiscal year), compared to Rs 12,826 crore earning in the same period last year, a statement said. This is the second consecutive quarter of a decline in net profit for ONGC, India&#8217;s top crude oil and natural gas producer. The firm had reported a 34 per cent drop in April-June profit.<\/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-616937","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\/616937","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=616937"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/616937\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=616937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=616937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=616937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}