State-owned Oil and Natural Gas Corporation reported a 50% year-on-year fall in its standalone net profit to ₹4,151.63 crore for the quarter ended December 2019.
Revenue from offshore and onshore operations during the reporting quarter also declined 16.83% and 9.1% year-on-year to ₹15,764.66 crore and ₹7,945.39 crore respectively due to lower oil prices.