ONGC books Rs 1,238 crore impairment loss, Q2 net profit down 55%
Sun, Nov 15, 2020 1:43 PM

ONGC books Rs 1,238 crore impairment loss, Q2 net profit down 55%

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ONGC booked a Rs 1,238-crore impairment loss, which together with a fall in prices led to a 55 percent drop in the company "s September quarter net profit. Standalone net profit at Rs 2,878 crore in July-September quarter was 54.6 percent lower than Rs 6,336 crore net profit a year ago, the company said in a statement.

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