ONGC Q2 results: Net profit up 17% at Rs 11,948 cr on lower windfall tax

Q: How long will it take to read this news story?

The story "ONGC Q2 results: Net profit up 17% at Rs 11,948 cr on lower windfall tax" has 661 words across 24 sentences, which will take approximately 3 - 6 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "ONGC Q2 results: Net profit up 17% at Rs 11,948 cr on lower windfall tax" was covered 3 days ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 267 news stories per day. It's most recent story was published 3 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #23517075</li><li>URL: https://beamstart.com/news/ongc-q2-results-net-profit-17313344426565</li></ul>

Business Standard Logo Business Standard 3d ago

ONGC Q2 results: Net profit up 17% at Rs 11,948 cr on lower windfall tax - Business Standard

Quick Summary:

The rise in profit was primarily because of lower windfall tax levied by the government as oil prices dropped.ONGC paid Rs 7,829.51 crore in statutory levies in Q2, down from Rs 10,791.09 crore in July-September 2023 and Rs 9,771.95 crore in April-June 2024.

Standalone net profit of Rs 11,948.02 crore in July-September -- the second quarter of the current 2024-25 fiscal year -- was higher than Rs 10,238.10 crore earning in the same period last year, according to a company's stock exchange filing.

State-owned Oil and Natural Gas Corporation (ONGC) on Monday reported a 17 per cent rise in its second quarter net profit primarily because of lower windfall and other taxes.