Shiprocket posts maiden profit on strong core business growth

Published 05 Nov 2026, 16:28 IST

What's behind this

Oil and Natural Gas Corporation (ONGC) reported a 57.3 per cent year‑on‑year increase in standalone net profit to Rs 15,489 crore for the second quarter of FY27, driven by higher crude oil and gas realisations. The company also announced an interim dividend of ₹8 per equity share and awarded offshore development projects valued at Rs 11,800 crore to bolster future production.

AI-generated overview from 2 outlets. It summarises their reporting and adds no reporting of its own.

RSS excerpt

The company swung to a profit of Rs 60 lakh ($63,487) in the quarter ended September 30, from a loss of Rs 20.29 crore a year ago

✓ High Corroboration ⚡ Cross-Spectrum Consensus 6 news outlets reporting

Fact-Check & Bias Analysis

Confirmed by multiple independent newsrooms across the political spectrum.

Coverage Bias Distribution

Based on 6 reporting publishers

L 16%

C 50%

R 34%

Left / Center-Left 1 (16%)

Center 3 (50%)

Center-Right / Right 2 (34%)

Compare all reporting outlets (6)

The Economic Times Center-Right Bennett, Coleman & Co. Current article 05 Nov 2026, 16:28 IST

Shiprocket posts maiden profit on strong core business growth

The company swung to a profit of Rs 60 lakh ($63,487) in the quarter ended September 30, from a loss of Rs 20.29 crore a year ago

Read full article at The Economic Times ↗

The Hindu Center-Left Kasturi & Sons Ltd. 05 Nov 2026, 22:43 IST

ONGC Q2 net profit jumps 57% on higher crude, gas realisations

Along with the results, the company declared an interim dividend of ₹8 per equity share.

Compare on Varta → Read at The Hindu ↗

The Tribune Center The Tribune Trust 05 Nov 2026, 21:57 IST

ONGC Q2 net profit rises 57% to Rs 15,489 crore on higher crude realisations

Oil and Natural Gas Corporation (ONGC) reported a 57.3 per cent year-on-year rise in standalone net profit to Rs 15,489 crore in the second quarter of FY27, supported by higher crude oil realisations, while awarding offshore development projects worth Rs 11,800 crore to strengthen future production.

Compare on Varta → Read at The Tribune ↗

The Hindu BusinessLine Center-Right The Hindu Group (Kasturi & Sons) 05 Nov 2026, 21:24 IST

LIC’s Q2FY27 standalone net profit up 20% at ₹12,076 crore

A significant proportion of the investment activity was directed towards government securities, including state government securities, to take take advantage of the higher yields

Compare on Varta → Read at The Hindu BusinessLine ↗

YourStory Center YourStory Media 05 Nov 2026, 19:13 IST