ONGC Share Price in Focus; Reports Net Profit Jumps 28.2% in Q2 FY26 Results

Oil and Natural Gas Corporation (ONGC) has announced its financial results for the second quarter of FY26, posting growth in profit and steady operational performance across crude and gas segments.

Profit and Financial Highlights

For Q2 FY26, ONGC reported a consolidated net profit of ₹12,615 crore, marking a 28.2% year-on-year growth. On a standalone basis, the net profit stood at ₹9,848 crore. The company’s robust financials were supported by improved crude oil production and higher contributions from new gas wells.

Revenue from New Well Gas (NWG) reached ₹3,352 crore during H1 FY26, up ₹651 crore compared to the domestic administered price mechanism (APM) rate. Gas from new wells, which is eligible for a 20% premium over APM gas prices, now accounts for over 21% of total gas revenue from nomination fields.

Dividend Declaration

The ONGC Board approved an interim dividend of 120%, equivalent to ₹6 per share on a face value of ₹5. The total payout will amount to ₹7,548 crore. The record date for the dividend distribution has been fixed as November 14, 2025. 

Operational Performance

ONGC recorded an increase in standalone crude oil production, reaching 4.63 million metric tonnes (MMT) during Q2 FY26, a 1.2% rise compared to the same period last year. For the first half of FY26, crude output stood at 9.31 MMT. On the gas front, the company effectively minimised production decline, reducing the fall from 0.35% in Q1 FY26 to just 0.04% in Q2.

The company also announced two new hydrocarbon discoveries during H1 FY26, “Vajramani” and a new pool in well MBS202HAA-1.

Exploration and Future Outlook

In alignment with the National Deepwater Exploration Mission “Samudra Manthan,” ONGC has intensified its deepwater exploration program. Drilling activities are ongoing in the Andaman Offshore region, with seismic data acquisition continuing along both coasts. Additionally, the company drilled eight exploratory wells in underexplored basins, including Bengal, Kutch, Narmada, and South Rewa.

ONGC Share Price Performance

On November 11, 2025, ONGC share price opened at ₹254.20, up from its previous close of ₹251.40. At 10:04 AM, the share price of ONGC was trading at ₹250.00, down by 0.56% on the NSE.

Also Read: ONGC Intends to Establish Trading Unit for Crude!

Conclusion

With financial results, higher crude output, and a renewed exploration push, ONGC continues to reinforce its leadership in India’s energy sector. 

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