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ONGC Q3 Preview: PAT may fall 13% YoY on weak crude and gas price realisations.

Leading oil and gas player ONGC is expected to report subdued, but steady numbers for the third quarter ended December 2023 on the back of weak crude and gas price realisations.

Net profit for the third quarter is likely to fall around 13% year-on-year (YoY), according to an average estimate of four brokerages. On a sequential basis, profit is seen dropping by a marginal 1%.