Oil and Natural Gas Corporation (ONGC) reported its third-quarter results for fiscal year 2024-25, revealing a net profit of ₹8,240 crore, which represents a 19% decrease compared to the previous year. This decline is attributed to lower oil prices affecting revenue. Despite the profit drop, ONGC's earnings before interest, taxes, depreciation, and amortization (EBITDA) and margins were not detailed in the reports. The company declared a dividend alongside its earnings announcement. In related industry news, Coal India reported a 0.8% decrease in production, totaling 77.8 million tonnes year-on-year, while its offtake increased by 2.2% to 68.6 million tonnes. Additionally, Manganese Ore India Limited (MOIL) produced 1.6 lakh tonnes of manganese ore in January, with sales rising 17% year-on-year to 1.57 lakh tonnes.