Oil and Natural Gas Corporation Ltd reported an 18% year-on-year decline in its Q2 net profit to Rs 9,848 crore

reported an 18% year-on-year decline in its Q2 net profit to Rs 9,848 crore, primarily due to lower oil prices, with revenue slipping 2.5% to Rs 33,031 crore. Despite this profit drop, ONGC declared an interim dividend of Rs 6 per share, with a total payout of Rs 7,548 crore. The company is also making strategic investments in renewable energy and entering the ethane transportation business through new joint ventures.