From The Hindu BusinessLine
Center-Right Owned by The Hindu Group (Kasturi & Sons)ONGC Q2 profit rises 57% to ₹15,489 crore on higher crude oil realisations
What's behind this
ONGC reported a 57% rise in its Q2 net profit, reaching ₹15,489 crore, driven by higher crude oil and gas realisations. The state‑owned energy major said the stronger realisations boosted earnings and outlined plans to invest in strengthening production and expanding future hydrocarbon potential. Along with the results, ONGC declared an interim dividend of ₹8 per equity share.
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A significant proportion of the investment activity was directed towards government securities, including state government securities, to take take advantage of the higher yields
RSS excerpt
Higher crude oil realisations boosted earnings, while the state-owned energy major outlined investments to strengthen production and expand future hydrocarbon potential
