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India’s ONGC Net Profit Slips 18% as Oil Prices Drop
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Why This Matters
ONGC's net profit declined 17.8% in the July-September quarter due to lower oil prices, impacting crude realizations. The company reported a standalone net profit of $1.11 billion. The decline is a result of decreased oil prices, affecting the company's revenue.
Market Impact
Market impact analysis based on bearish sentiment with 81% confidence.
Sentiment
Bearish
AI Confidence
81%
Article Context
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Indian state-owned Oil and Natural Gas Corporation Limited (ONGC), the biggest oil and gas explorer and producer in the country, booked a 17.8% decline in its net profit for the July-September quarter compared to a year earlier as lower oil prices dented crude realizations. ONGC reported $1.11 billion (98.5 billion Indian rupees) in standalone net profit for the second quarter of its 2025/2026 fiscal year, down by 17.8% from the same period of the previous fiscal year, but higher than the $906 million (80.24 billion rupees) net profit for the first…
Original article published by
OilPrice.com
on November 11, 2025.
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