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via timesofindia.indiatimes.comBusiness & Companies

ONGC standalone net profit up 57% to 15.5k crore as oil prices gain

FROM THE WIRE · TIMESOFINDIA.INDIATIMES.COM

NEW DELHI: State-owned Oil and Natural Gas Corporation (ONGC) on Thursday reported a 57.3% year-on-year jump in standalone net profit in the Sept quarter,

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishThe sharp profit growth at a large state oil company is linked to higher crude prices.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01ONGC reported a 57.3% year-on-year jump in standalone net profit in the September quarter.
  2. 02Net profit rose to 15.5k crore.
  3. 03The company attributes the result to higher oil prices.

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