ONGC quarterly profit lowest in over 15 years
India's largest state-owned crude oil explorer ONGC today reported a fall of 64% in its net profit to ₹1,286 crore for the quarter ended December, its lowest in more than 15 years. Net sales registered a drop of 2% to ₹18,397 crore during the quarter. The fall in profit is being attributed to the drop in crude oil prices.