NEW DELHI: (May 22) State-owned Oil and Natural Gas Corporation (ONGC) reported a 35 per cent drop in its March quarter net profit as it realised lower oil prices on almost static output.
Net profit stood at Rs 6,448 crore in January-March – the fourth quarter of FY25 (April 2024 to March 2025 ) – compared to Rs 9,869 crore in the same period last year, according to a company statement.
The firm got USD 73.72 per barrel of crude oil that it produced and sold to refiners for processing into petrol and diesel in the fourth quarter, down from USD 80.81 per barrel a year back.
Source: PTI News
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