Oil & Natural Gas Corporation Limited has informed the Exchange regarding a press release dated February 12, 2026, titled "All-round Q3 surge: ONGC boosts both consolidated and standalone earnings; 2nd interim dividend of ₹ 6.25 i.e. 125% announced; and ONGC declares highest ever cumulative interim dividend of ₹ 15,411 crore.".
ONGC · price
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ONGC reported a strong consolidated net profit of ₹11,946 crore for Q3 FY26, up 23% year-on-year, while standalone net profit grew 1.6% to ₹8,372 crore. However, standalone revenue declined 6.4% in Q3 and 6.1% in the nine-month period, largely due to a sharp ~15% drop in crude oil realisations (from $77.98/bbl to $65.00/bbl in 9M FY26). The Board declared a 2nd interim dividend of 125% (₹6.25 per share), bringing cumulative interim dividends for FY26 to 245% and a record payout of ₹15,411 crore. Production remained broadly steady, with crude oil up 0.35% and natural gas flat over 9M FY26. Operational milestones included successful installation of mega structures at KG-98/2 and progress on the Western Offshore Daman project.
Positive short-term sentiment from the record interim dividend (₹7,863 crore payout just for this tranche) and 23% consolidated earnings growth, though weak crude realisations are a structural concern. Shareholders holding shares by the 18 February 2026 record date will receive the 2nd interim dividend.