By P.R. Venkat
Oil & Natural Gas Corp.'s second-quarter net profit fell 19% from a year earlier, as the coronavirus pandemic caused lower crude realization.
ONGC said late Friday that net profit for the quarter ended September fell to 43.35 billion rupees ($581.2 million).
Revenue was down nearly 18% at INR836.19 billion.
During the second quarter, total crude oil production was down 2.71% from a year ago to 4.686 million metric tons, while gas production was down 6.2% at 5.880 billion cubic meters.
Write to P.R. Venkat at venkat.pr@wsj.com
(END) Dow Jones Newswires
11-15-20 2139ET