ONGC Books Rs 1,238 Cr Impairment Loss, Q2 Net Profit Down 55 Pc
4 years, 1 month ago

ONGC Books Rs 1,238 Cr Impairment Loss, Q2 Net Profit Down 55 Pc

News 18  

India's top oil and gas producer ONGC booked a Rs 1,238-crore impairment loss, which together with a fall in prices led to a 55 per cent drop in the company's September quarter net profit. Standalone net profit at Rs 2,878 crore in July-September quarter was 54.6 per cent lower than Rs 6,336 crore net profit a year ago, the company said in a statement. Oil and Natural Gas Corp recognized "an exceptional item towards impairment loss of Rs 1,238 crore in Q2 FY'21 to factor into estimated future crude oil and natural gas prices," the statement said. However, net profit for July-September was 480 per cent higher than Rs 496 crore net profit in Q1 FY'21 due to recovery in crude oil prices.

Oil Gas Prices Profit Crore Cent Crude Net Ongc Net Profit Ngc Impairment Loss  prices  pc  ongc  cr  crore  books  oil  cent  gas  q2  profit  impairment  loss  crude  rs  net

History of this topic

ONGC Q2 Results: Net profit falls 25% YoY to ₹10,272.5 crore; interim dividend of ₹6 per share declared
1 month, 1 week ago

ONGC Q2 Results: Net profit falls 25% YoY to ₹10,272.5 crore; interim dividend of ₹6 per share declared

Live Mint  

ONGC Q2 Results: Oil and Natural Gas Corporation Limited announced its July to September quarter results on Monday, November 11. Oil and Natural Gas Corporation Ltd shares closed 2.08 per cent lower at ₹256.90 after Monday's market session, compared to ₹262.35 at the previous market close. The company's revenue from core operations rose 7.25 per cent to ₹1,58,329.10 crore in …

ONGC Q3 Results: Net Profit Falls Over 13%, Firm Announces Second Dividend
10 months, 1 week ago

ONGC Q3 Results: Net Profit Falls Over 13%, Firm Announces Second Dividend

ABP News  

Oil and Natural Gas Corporation Ltd reported a 13.6 per cent drop in its net profit on a year-on-year basis in its third quarter earnings on Saturday. The oil and gas exploration firm logged a net profit of Rs 9,535.67 crore for the December quarter in the current financial year against a net profit of Rs 11,044.73 crore in the …

ONGC, Oil India poised for growth amid shifting oil dynamics
1 year ago

ONGC, Oil India poised for growth amid shifting oil dynamics

Live Mint  

Shares of Oil & Natural Gas Corp Ltd and Oil India Ltd have been on fire, significantly outperforming the Nifty50 index with gains of 38% and 73% respectively this calendar year. This tax, adjusted biweekly, stabilizes net oil realizations for companies like ONGC and Oil India, ensuring consistent earnings. JM Financial Securities Ltd notes that the windfall tax adjustments by …

BEL Q2FY24 results: Net profit jumps 32.9% YoY, total income rises 3.55%
1 year, 1 month ago

BEL Q2FY24 results: Net profit jumps 32.9% YoY, total income rises 3.55%

Live Mint  

Q2 results today: Beating the market edstimates, Governmetn of India -owned Bharat Electronics Ltd has declared its second quarter results on Saturday. The state-owned defence company reported standalone net profit of ₹812.34 crore during Q2FY24, logging year-on-year jump 32.9 per cent against the net profit of the company in corresponding period in previous financial year. In April to June 2023 …

Aviation industry to bring down net loss to Rs 3-5k cr from Rs 17k cr
1 year, 2 months ago

Aviation industry to bring down net loss to Rs 3-5k cr from Rs 17k cr

Deccan Chronicle  

Chennai: The Indian aviation industry’s net loss is expected to come down to Rs 3000 to Rs 5000 crore in FY24, down from Rs 17,000 crore in FY23. Airline companies are expected to report an aggregate net loss of Rs 3000 crore to Rs 5000 crore in the current fiscal due to improved pricing power and yields. The domestic passenger …

Mint Explainer: How did ONGC double its consolidated net profit in Q1?
1 year, 4 months ago

Mint Explainer: How did ONGC double its consolidated net profit in Q1?

Live Mint  

State-run ONGC reported a 102.6% rise in its consolidated net profit for the first quarter of FY24 at ₹17,383 crore, despite gross revenue falling 10.4% to ₹1.63 lakh crore. Total crude oil production declined 3.3% on-year to 5.311 million metric tonnes during the June quarter. Oil India Ltd reported a 3.7% rise in net profit for the April-June quarter to …

ONGC Q1 net profit drops 34% on lower oil prices, output
1 year, 4 months ago

ONGC Q1 net profit drops 34% on lower oil prices, output

Hindustan Times  

The net profit of Oil and Natural Gas Corporation fell over 34 per cent in June quarter on decline in oil prices and lower output, the firm said. ONGC, India's top crude oil and natural gas producer, earned USD 76.49 for every barrel of crude oil it produced and sold from nomination fields against a net realisation of USD 108.55 …

Reliance Industries Q1FY24 Net Profit Declines 6% Dented By Oil-To-Chemicals Performance
1 year, 5 months ago

Reliance Industries Q1FY24 Net Profit Declines 6% Dented By Oil-To-Chemicals Performance

News 18  

Reliance Industries Ltd reported on July 21 a year-on-year decrease of 6 percent in the consolidated net profit at Rs 18,258 crore in the first quarter of the financial year 2023-24 as muted performance in the oil-to-chemicals partly offset the strong growth in consumer-facing businesses The conglomerate’s consolidated total revenue in the June quarter declined to Rs 231,132 crore from …

Reliance Q2 consolidated net profit dips to ₹13,656 cr, misses estimates
2 years, 2 months ago

Reliance Q2 consolidated net profit dips to ₹13,656 cr, misses estimates

Live Mint  

Mukesh Ambani-led Reliance Industries Limited on Friday posted a near-flat quarterly profit as export tax on refined fuels and weak refining margins dented performance at its mainstay oil-to-chemical business. The oil-to-telecom conglomerate reported a consolidated net profit for the second quarter ended September 2022 at ₹13,656 crore, down 0.2% YoY. The firm's consolidated operating profit in the quarter, including the …

ONGC, Oil India Shares Tank Up To 8% To Extend Losses On Windfall Tax, Crude Oil Prices
2 years, 5 months ago

ONGC, Oil India Shares Tank Up To 8% To Extend Losses On Windfall Tax, Crude Oil Prices

News 18  

Oil and Natural Gas Corporation, Oil India Shares extended their losing streak on Wednesday after crude oil price sank overnight in the international market. ONGC was down 5.5 per cent as of 10.50 am on BSE while Oil India fell 8 per cent. Nishit Master, Portfolio Manager, Axis Securities, said: “Oil stocks have been weak after government-imposed special additional excise …

Paytm Q4 Loss Widens to Rs 761 Crore, YoY Revenue Up by 89%; See Details
2 years, 7 months ago

Paytm Q4 Loss Widens to Rs 761 Crore, YoY Revenue Up by 89%; See Details

News 18  

Digital financial services firm One97 Communications, which operates under the Paytm brand, on Friday reported widening of its consolidated loss to Rs 761.4 crore for the quarter ended March 2022 on account of rise in payment processing charges and employees benefit expenses. “The company’s EBITDA loss for FY’22 saw an improvement of 8 per cent year-on-year to Rs 1,518 crore …

GAIL Q1 result: Net profit grows 500% to ₹1,530 cr as sales, margin rise
3 years, 4 months ago

GAIL Q1 result: Net profit grows 500% to ₹1,530 cr as sales, margin rise

Live Mint  

GAIL India reported a 500 per cent increase on-year in net profit for the quarter ended June 30, 2021, as sales and margin in gas as well as petrochemicals grew. India's largest gas marketer and transporter saw natural gas transmission and natural gas marketing volumes increase by 19 per cent and 18 per cent respectively as compared with corresponding quarter …

Discover Related