Ongc Q2

ONGC Q2 Results: ONGC reported a net profit of Rs 18,384 crore, compared to Rs 2,758 crore in the corresponding period last year, marking a sharp growth of 565 per cent year-on-year.

Income from operations rose by 47.5 per cent to Rs 27,989 crore, ONGC said.

ONGC on Saturday reported a 3.1 per cent rise in second quarter net profit as impressive gain from rising oil prices were taken away by fall in government-mandated natural gas rates.

Among Nifty50 stocks, ONGC, Vedanta, NTPC, Bharti Infratel, Yes Bank, Tata Steel, IOC and GAIL India were the prominent gainers.

Wipro fell over 3 per cent on its soft Q3 guidance, which disappointed the Street. Another IT stock Mindtree slumped over 4 per cent on weak Q2 earnings.

Net profit in the July-September quarter at Rs 4,842.02 crore was 11 per cent lower than Rs 5,444.89 crore clocked in the same period of last fiscal, the company said in a stock exchange filing.

Oil and Natural Gas Corp (ONGC) on Friday posted a 10 per cent fall in quarterly profit, its first drop after four quarters of growth, as lower crude prices hurt profitability from both onshore and offshore blocks.

The state-run company reported a net profit of Rs 6064 crore for its second quarter ended September, up from Rs 5897 crore last year. Net sales rose 12.8 percent to Rs 22312 crore.

Oil India Ltd, India's second largest state explorer, on Tuesday reported a 5.3 per cent drop in its second quarter net profit on lower crude oil production and higher fuel subsidy. Net profit in July-September quarter dipped to Rs 903.64 crore, or Rs 15.03 a share, from Rs 954.57 crore, or Rs 15.88 a share, the oil retailer said in a statement.

The Oil Ministry on October 31 issued orders asking upstream oil and gas producers like ONGC and Oil India Ltd (OIL) to give Rs 16,729.74 crore to make up for 47 per cent of the Rs 35,328 crore revenue that retailers lost on selling diesel, domestic LPG and kerosene at government controlled rates in second quarter.

State-run producer Oil & Natural Gas reported a 32 percent fall in quarterly profit, just missing expectations, as lower average crude oil prices and a higher subsidy burden weighed on profits.

State-owned Oil and Natural Gas Corp (ONGC) on Tuesday surged nearly 4 per cent in morning trade on bourses after it reported 60 per cent jump in net profit in the second quarter ended September. ONGC announced the results on November 4, after market hours. Stock markets had remained closed on November 7, on account of Bakri-id. Reacting...

Indian markets opened to sideways trade Tuesday, with the benchmark indices rising nearly 0.25 per cent in early trade. At 0922 hours, the Sensex was up nearly 50 points to 17,612 while the broader Nifty index jumped 13 points to 5,297.60. Globally, the centre of concern has shifted from Greece to Italy. Italy's borrowing rates jumped to th...

State-owned Oil and Natural Gas Corp (ONGC) has reported a 60 per cent jump in net profit in the second quarter ending September 30 on the back of higher crude oil prices. Most brokerages are bullish on the counter. Here's why. CLSA maintains buy with a target of Rs 340 per share The brokerage firm says higher other income, lower deple...

State-owned Oil and Natural Gas Corp (ONGC) on Friday reported a 60 per cent jump in net profit in the second quarter ending September 30 on back of higher crude oil prices. Net profit in July-September at Rs 8,642 crore was up 60.4 per cent over Rs 5,389 crore in the year ago period, ONGC Chairman and Managing Director Sudhir Vasudeva said....

ONGC Q2 Results: ONGC reported a net profit of Rs 18,384 crore, compared to Rs 2,758 crore in the corresponding period last year, marking a sharp growth of 565 per cent year-on-year.

Income from operations rose by 47.5 per cent to Rs 27,989 crore, ONGC said.

ONGC on Saturday reported a 3.1 per cent rise in second quarter net profit as impressive gain from rising oil prices were taken away by fall in government-mandated natural gas rates.

Among Nifty50 stocks, ONGC, Vedanta, NTPC, Bharti Infratel, Yes Bank, Tata Steel, IOC and GAIL India were the prominent gainers.

Wipro fell over 3 per cent on its soft Q3 guidance, which disappointed the Street. Another IT stock Mindtree slumped over 4 per cent on weak Q2 earnings.

Net profit in the July-September quarter at Rs 4,842.02 crore was 11 per cent lower than Rs 5,444.89 crore clocked in the same period of last fiscal, the company said in a stock exchange filing.

Oil and Natural Gas Corp (ONGC) on Friday posted a 10 per cent fall in quarterly profit, its first drop after four quarters of growth, as lower crude prices hurt profitability from both onshore and offshore blocks.

The state-run company reported a net profit of Rs 6064 crore for its second quarter ended September, up from Rs 5897 crore last year. Net sales rose 12.8 percent to Rs 22312 crore.

Oil India Ltd, India's second largest state explorer, on Tuesday reported a 5.3 per cent drop in its second quarter net profit on lower crude oil production and higher fuel subsidy. Net profit in July-September quarter dipped to Rs 903.64 crore, or Rs 15.03 a share, from Rs 954.57 crore, or Rs 15.88 a share, the oil retailer said in a statement.

The Oil Ministry on October 31 issued orders asking upstream oil and gas producers like ONGC and Oil India Ltd (OIL) to give Rs 16,729.74 crore to make up for 47 per cent of the Rs 35,328 crore revenue that retailers lost on selling diesel, domestic LPG and kerosene at government controlled rates in second quarter.

State-run producer Oil & Natural Gas reported a 32 percent fall in quarterly profit, just missing expectations, as lower average crude oil prices and a higher subsidy burden weighed on profits.

State-owned Oil and Natural Gas Corp (ONGC) on Tuesday surged nearly 4 per cent in morning trade on bourses after it reported 60 per cent jump in net profit in the second quarter ended September. ONGC announced the results on November 4, after market hours. Stock markets had remained closed on November 7, on account of Bakri-id. Reacting...

Indian markets opened to sideways trade Tuesday, with the benchmark indices rising nearly 0.25 per cent in early trade. At 0922 hours, the Sensex was up nearly 50 points to 17,612 while the broader Nifty index jumped 13 points to 5,297.60. Globally, the centre of concern has shifted from Greece to Italy. Italy's borrowing rates jumped to th...

State-owned Oil and Natural Gas Corp (ONGC) has reported a 60 per cent jump in net profit in the second quarter ending September 30 on the back of higher crude oil prices. Most brokerages are bullish on the counter. Here's why. CLSA maintains buy with a target of Rs 340 per share The brokerage firm says higher other income, lower deple...

State-owned Oil and Natural Gas Corp (ONGC) on Friday reported a 60 per cent jump in net profit in the second quarter ending September 30 on back of higher crude oil prices. Net profit in July-September at Rs 8,642 crore was up 60.4 per cent over Rs 5,389 crore in the year ago period, ONGC Chairman and Managing Director Sudhir Vasudeva said....