ONGC Q2 net up 17% at Rs 12,000 crore on lower tax

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ONGC reported a rise in Q2 profit helped by a decline in tax expenses due to the scrapping of the levy on petroleum crude.

The state-owned firm’s standalone profit jumped 17% to Rs 11,984 crore in the Sept quarter.

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Author / Journalist: Reuters

Category: EconomyBusiness

Markets: IndiaCanada

Topics: ONGC tax expense ONGC ONGC profit ONGC Q2 net profit ONGC net profit

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 03:54:06 (1 days ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 249 words

Reading Time: 2 minutes read

Sentences: 7 lines

Sentence Length: 36 words per sentence (average)

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Copyright Owner: © Times of India

News ID: 23530084

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