Oil & Natural Gas Corporation Limited has informed the Exchange regarding a press release dated August 12, 2025, titled "ONGC declares results for Q1 FY 26: Posts consolidated net profit of ₹ 11,554 crore, up by 18.2%".
ONGC · price
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ONGC reported Q1 FY26 results, posting a consolidated net profit of ₹11,554 crore, up 18.2% year-on-year. However, on a standalone basis, net profit fell 10.2% to ₹8,024 crore and gross revenue declined 9.3% to ₹32,003 crore, mainly due to a sharp 20.4% drop in crude oil realization to $66.13 per barrel. Standalone crude oil production edged up 1.2% to 4.683 MMT, while new well gas revenue crossed ₹1,703 crore in the quarter. The company also announced two new offshore hydrocarbon discoveries and commenced production from the PY-3 field and the North Karanpura CBM block.
Mixed signals for shareholders — the rise in consolidated profit is encouraging, but the standalone profit dip and weak crude oil pricing highlight ongoing margin pressure. New field start-ups, discoveries, and expanded gas production provide support for long-term volume growth.