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ONGC gains after declaring Q2 result

Capital Market 

Shares of ONGC are currently trading higher by 1.72% at Rs 138.45 after the company declared its Q2 result after market hours yesterday, 14 November 2019.

The scrip traded in the range of Rs 137 and Rs 138.80 so far during the day.

ONGC reported 36.21% fall in consolidated net profit to Rs 5,275.51 crore on 11.19% fall in total income to Rs 103,237.18 crore in Q2 September 2019 over in Q2 September 2018.

The company's total crude oil production stood at 5.842 MMT in Q2 September 2019, down by 3.9% from 6.078 MMT in Q2 September 2018.

ONGC's total gas production fell 1.6% to 6.265 BCM while the value added products fell 8.3% to 853 KT in Q2 September 2019 over Q2 September 2018.

ONGC is the largest oil and gas exploration and production company in India in terms of production and reserves of oil and gas for the 2019 fiscal year according to the Ministry of Petroleum and Natural Gas.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, November 15 2019. 09:22 IST