ONGC Q1 FY’26 Earnings Results: Net Profit Rises 18.2%, New Discoveries Boost Growth

During its 397th meeting on 12 August 2025, ONGC’s Board gave approval for the financial results of the first quarter (Q1) of FY 2025–26.

ONGC Q1 FY 26 Financial Highlights

• Consolidated Results

ONGC reported a consolidated net profit of ₹11,554 crore for Q1 FY’26, up 18.2% from ₹9,776 crore last year. Gross revenue at ₹1,63,108 crore, down 3.5% year-on-year.

• Standalone Results

Standalone net profit came in at ₹8,024 crore, down 10.2% from last year. Revenue was ₹32,003 crore, 9.3% lower than Q1 FY’25.

Key Price and Revenue Trends

• Crude oil prices fell compared to last year, impacting revenue.
• Gas from new wells, priced at $8.26/mmbtu, earned ₹1,703 crore — ₹333 crore more than standard APM prices due to a 20% premium.

Production Performance

• Crude Oil

Standalone output rose 1.2% to 4.683 MMT. JV production was 0.306 MMT.

• Natural Gas

Standalone output was 4.846 BCM, slightly lower than last year.

New Discoveries

• Vajramani Discovery (Mumbai Offshore)

Oil flowed at 2,122 BPD and gas at 83,120 m³/day.

• Suryamani Prospect Discovery

Oil flowed at 413 BPD and gas at 15,132 m³/day, marking the first such find in the Mukta Formation of the block.

Operational Milestones

• Started production from PY-3 Field (Cauvery Basin) — 4,000 BOPD and 88,000 SCMD gas.
• Launched gas sales from North Karanpura CBM block (Bokaro).
• Began gas supply to CGD sector from Palatana, Tripura.
• Commissioned India’s largest ASP plant (2,100 m³/day) in Ahmedabad.
• Installed first onshore Multiphase Pumping System in Ahmedabad Asset.

Strategic Moves & Recognition

• Signed an MoU with ONGC Videsh for joint marketing to improve efficiency.
• Received patent for estimating water saturation in clastic reservoirs using conventional log data.

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ONGC Share Price Movement

ONGC share price (NSE: ONGC) was trading at ₹237.06 as of 1:25 pm IST on 14 August, down ₹1.61 or 0.67% from the previous close. During the day, the stock opened at ₹238.51, touched a high of ₹238.67, and a low of ₹234.43. ONGC has a market capitalisation of ₹3.00 lakh crore, a price-to-earnings (P/E) ratio of 8.23, and offers a dividend yield of 5.17%. Over the past 52 weeks, the stock has ranged between ₹205.00 and ₹338.75. The company’s latest quarterly dividend payout stands at ₹3.06 per share.

Conclusion

ONGC delivered strong profit growth in Q1 FY’26 despite lower crude prices, supported by increased production from new wells, early project completions, and key discoveries. The company’s focus on enhanced recovery techniques and strategic partnerships positions it well for sustained growth in India’s energy sector.

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