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ONGC is offering higher interest rates than any other company at Rs 18,347 cr in Q2.

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ONGC records profits in Q2

New Delhi. On Friday, Coal India, ONGC and Jammu and Kashmir Bank released their quarterly results. ONGC has announced that within a quarter of a quarter, the company recorded the highest profits in a quarter of all state-owned companies. At the same time, the profits of Jammu and Kashmir have doubled. However, the benefits of Coal India have remained stable. Find out how companies work quarterly

Ideas for the Oil and Natural Gas Corporation

The Oil and Natural Gas Corporation (ONGC) government on Friday also said it had made significant gains for all Indian companies in the second phase which ended in September next year. The company said that as a result of lower tax returns, it has earned a single tax return, which has made its profits higher. ONGC told the stock market that its profit reached Rs 18,347.73 crore in July-September, against Rs 2,757.77 crore immediately over the previous year. This is the largest profit per quarter of any company in the country. Interestingly, the company also reported earning Rs 11,246.44 crore for the entire 2020-21 year. Earlier, the Indian Oil Corporation (IOC) reported earning Rs 14,512.81 crore in January-March 2013. ONGC reported a profit of Rs 22,682.48 crore in the first half (April-September) financial year, up from Rs 3,254.35 crore immediately. last year. Total profits were higher behind high fuel prices and a one-time tax rate of Rs 8,541 crore in the second quarter (July-September) of the current economy.

Coal India
Opinions of the company Public Sector Coal India Limited Combined Profit (CIL) for the second quarter of the financial year ended September 30 is about to stand at Rs 2,936.91 crore. As a result, the company made a significant profit of Rs 2,948.12 crore in the same period of the previous financial year. In an interview with the BSE, the company said its combined earnings had risen to Rs 23,291.08 crore over the quarter compared to Rs 21,153.07 crore in the previous quarter of total revenue. The total cost incurred by the company increased to Rs 20,424.52 crore per quarter from Rs 18,177.82 crore last year. The company’s production in the sector rose to 125.8 million tons from 114.9 million tons last year. The company grew to 147.43 million tons from 134.3 million tons in the quarter under review.

Jammu and Kashmir Bank
Government revenue for the state-owned J&K Bank doubled to Rs 111.09 crore in the second quarter of September. As a result, the bank made a significant profit of Rs 43.93 crore in the same period of the previous financial year. In an interview with the stocks, the bank said its total revenue had risen to Rs 2,201.26 crore a quarter from Rs 2,194.47 crore last year. Bank lending on bad loans and other risks decreased to Rs 192.68 crore per quarter from Rs 324.92 crore in the previous quarter of cash flows.





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