ONGC's consolidated net profit fell 53% YoY to INR 5,701cr ($768m) for the March quarter, while revenue from operations increased 5% YoY to INR 1.64 lakh crore. On a standalone basis, ONGC reported a net loss of INR 248cr, compared to a profit of INR 8,860 crore in the same quarter last year. Brokerage firms have mixed views on the company: JM Financial has maintained its buy rating, while YES Securities suggests adding the shares, and ICICI Securities recommends buying with a target price of INR 164 ($2.21).