Bengaluru: Oil and Natural Gas Corp, India’s top explorer, said on Thursday first-quarter standalone profit fell 8%, below analysts’ expectations. Standalone profit from ONGC’s operations in India was Rs3,885 crore ($606.01 million) for the three months ended 30 June, down from Rs4,233 crore a year earlier, the company said. More From Livemint »Analysts on average expected ONGC to post a standalone profit of Rs4,325 crore, Thomson Reuters data showed. Revenue from the company’s offshore operations rose 4.2% to Rs13,068 crore in the quarter.

Source: Mint July 27, 2017 12:11 UTC