ONGC may report a decline in Q3 net profit on lower realisations
Fri, Feb 9, 2024 2:04 PM

ONGC may report a decline in Q3 net profit on lower realisations

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ONGC's net profit is expected to decrease by 14% year-on-year and 8% from the previous quarter due to lower crude prices and GST provisions. Analysts predict a decline in net sales and EBITDA, while recouped costs and lower crude realisation may further impact profits. The company's crude and gas production is also expected to decrease, with a drop in sales and realisation.

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