ONGC declares results for Q4 FY''26; surge in consolidated net profit by 53% and standalone net profit by 3%, highest ever total dividend of Rs. 16,669 crore
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ONGC reported strong Q4 FY'26 results with consolidated net profit jumping 53% to ₹13,678 crore, while full-year consolidated PAT rose 30% to ₹49,793 crore. Standalone PAT grew modest 3% in Q4 but declined 7.6% for FY'26 to ₹32,894 crore. Standalone revenue fell 3.9% to ₹1,32,509 crore due to lower crude oil and gas realisations. The company declared highest-ever total dividend of ₹16,669 crore (₹13.25 per share) at 51% payout ratio. Subsidiaries delivered remarkable turnaround — HPCL PAT surged 133% to ₹17,175 crore, MRPL PAT jumped 35x to ₹1,931 crore, and OPaL swung from EBITDA loss of ₹203 crore to profit of ₹1,207 crore. New well gas now contributes 21% of ONGC's nomination gas revenue.
Strong consolidated performance driven by subsidiary turnarounds and higher refinery margins signals operational efficiency gains. The record ₹16,669 crore dividend is positive for income-focused investors, though standalone revenue decline and flat production remain concerns.