At Rs 18,348 cr, ONGC's Q2 profit highest in a quarter for any Indian firm

ONGC's total crude oil output dipped 3.8 per cent to 5.47 million tonnes while gas production stood 7 per cent lower at 5.467 billion cubic metres

Oil and Natural Gas Corporation (ONGC) has reported the highest ever quarterly profit by any Indian company till date. At Rs 18,348 crore, the standalone net profit for the second quarter of FY22 is 565.3 per cent higher than its Rs 2,758-crore profit in the comparable period of the previous financial year. 

On a group level, ONGC's consolidated net profit stood at Rs 18,749 crore in the period under review, up from Rs 5,675 crore in the same period last year.

This return outshines the Rs 14,512.81 crore net profit that IndianOil had reported in the January-March 2013 quarter. It is also