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ONGC Q3 profit down 14% to ₹ 9,536 crore on lower oil prices


Last Update 12 February 2024

ONGC reported a 14% decrease in Q3 net profit, totaling Rs 9,536 crore, compared to Rs 11,045 crore in the same period last fiscal year. This decline was attributed to falling oil and gas prices, with crude oil prices dropping 6.4% to USD 81.59 per barrel and gas prices decreasing by 24.2% to USD 6.5 per mmBtu.

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