Oil and Natural Gas Corp, India's top explorer, said on Thursday first-quarter standalone profit fell 8 percent, below analysts' expectations.
Standalone profit from ONGC's operations in India was 38.85 billion rupees ($606.01 million) for the three months ended June 30, down from 42.33 billion rupees a year earlier, the company said. http://bit.ly/2uFkBPd
Analysts on average expected ONGC to post a standalone profit of 43.25 billion rupees, Thomson Reuters data showed.
Revenue from the company's offshore operations rose 4.2 percent to 130.68 billion rupees in the quarter.
($1 = 64.1075 Indian rupees)
(Reporting by Samantha Kareen Nair in Bengaluru; Editing by Biju Dwarakanath)