ONGC share price declines 3% post Q3 results & ahead of Nirmala Sitharaman’s budget 2025: Do you own?

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Stock Market today: Oil and Natural Gas Corporation (ONGC) share price declined more than 3% in the morning trades on Saturday post Q3 results & ahead of Nirmala Sitharaman’s budget 2025: 

 Oil and Natural Gas Corporation (ONGC), the upstream Oil and Gas producers had reported a 16.7% decline in its third-quarter net profit on Friday. ONGC’s  standalone net profit for the third quarter of the fiscal year, 2025 stood at ₹8,240 crore, down from ₹9,892 crore during the same time the previous year. The decline was mainly due to decline in  the crude .

The company’s realisations at $72.57 per barrel for crude oil  it produces from seabed and from underground oil fields during the October -December 2024 quarter  was lower compared to  October–December 2023 realization of $ 81.13 per barrel.

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