ONGC Q3 Results: Profit Slips 31%, Misses Estimates

ONGC Q3 Results: Net profit falls 17% to ₹8,240 crore, dividend declared

Source: Live Mint State-owned Oil and Natural Gas Corporation (ONGC) on Friday reported a 16.7 per cent drop in its third-quarter net profit as it realised lower rates for crude oil it produces. Standalone net profit was at ₹8,240 crore in October-December 2024 – the third quarter of April 2024 to March 2025 financial year – compared with ₹9,892 crore in the same period a year back, according to a company statement. The firm realised USD 72.57…

ONGC Q3 Results: Profit Slips 31%, Misses Estimates

Oil & Natural Gas Corp.'s net profit dropped 31% in the October–December quarter of the current financial year, missing the Street's expectations.The energy major's bottom line stood at Rs 8,240 crore as compared to Rs 11,984 crore in the same quarter of the preceding fiscal, according to an exchange filing on Friday. Analysts tracked by Bloomberg had pegged the estimated net profit to be Rs 9,897 crore.Revenue from operations for the quarter en…