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ONGC reports 61% rise in Q2 net profit

Oil and Natural Gas Corporation (ONGC) has reported results for second quarter ended September 30, 2018.

The company has reported 61.08% rise in its net profit at Rs 8,264.61 crore for the quarter under review as compared to Rs 5,130.74 crore for the same quarter in the previous year. Total income of the company increased by 44.46% at Rs 30,383.40 crore for Q2FY19 as compared Rs 21,031.89 crore for the corresponding quarter previous year.

ONGC is India’s largest government-run corporation and produces about 70% of India’s crude oil and natural gas. The corporation is the biggest public sector commercial organization in India.

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