Financial Results for the Financial Year ended 31.03.2026

Revenue DeclinePat NegativeEbitda Margin CompressionContingent Liabilities IncreasedRelated Party TransactionsEmphasis Of MatterResults View source PDF

ONGC · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-7.5%1-day move

₹287.35

prior close

₹284.20

base price

After-mkt

timing

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-2.7-2.5-1.6-1.8-7.5-8.1-7.6-6.6-6.7-7.9-14.6-18.6-17.0—

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AI summary

ONGC reported standalone revenue of ₹132,508 crore for FY26, down 3.9% from ₹137,846 crore in FY25. Profit after tax declined to ₹32,894 crore from ₹35,610 crore, a 7.6% fall. Operating margin compressed to 35.43% from 37.26%, while net profit margin fell to 24.82% from 25.83%. The company recommended a final dividend of ₹1 per share. The Board also approved a 50:50 joint venture with Gujarat Maritime Board for a 5 MMTPA liquid port at Dahej. Auditors issued an unmodified opinion but drew attention to a ₹15,225 crore contingent liability from the PMT JV arbitration with GOI, and provision of ₹19,645 crore recognised for Service Tax/GST disputes on royalty. Related party transactions include a USD 325 million parent guarantee for Brazil operations.

Likely market impact

Revenue and profit decline reflects challenging commodity price environment. Despite strong cash flows and healthy debt ratios, contingent liabilities and governance issues (lack of Independent Directors) remain watch items for investors.