Oil & Natural Gas Corporation Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
ONGC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
ONGC's Board approved standalone and consolidated unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Standalone revenue from operations fell to ₹32,002.89 Crore from ₹35,266.38 Crore in Q1 FY25, a decline of about 9.3% year-on-year. Profit after tax declined to ₹8,024.23 Crore (from ₹8,938.10 Crore), with EPS at ₹6.38 vs ₹7.10. Statutory levies dropped sharply to ₹6,073.28 Crore from ₹9,771.95 Crore, which cushioned profits despite weaker revenue. The Board also cleared a ₹4,963.06 Crore investment for a 0.6 GW renewable energy project (300 MW solar + 300 MW wind) targeted for completion by 2028 under a group captive model. Auditors issued an unqualified limited review report with an Emphasis of Matter flagging contingent liabilities of ₹13,890 Crore (PMT JV arbitration), ₹1,964 Crore (Service Tax/GST penalty), and ₹3,357 Crore (JV partner GST share).
Softening crude realisation and lower volumes dragged both revenue and profits, but cost-side relief on statutory levies protected margins. The large RE capex signals ONGC's clean energy push but will tie up capital over the next few years. Material contingent liabilities from old PSC and tax disputes remain a key overhang to watch.