ONGCOil & Natural Gas Corporation Ltd.
Oil & Natural Gas Corporation Q2 FY27 Results: Consolidated Net Profit ₹18,535 Crore on Total Income of ₹2,01,458 Crore
- Earnings
- Oil and gas
Reviewed byRachit TripathiBlacklitt Research
Oil & Natural Gas Corporation (NSE: ONGC) reported consolidated total income of ₹2,01,458.47 crore and net profit of ₹18,534.82 crore for the quarter ended 30 Sep 2026, and standalone total income of ₹48,341.27 crore and net profit of ₹15,488.64 crore, it said in a filing on 05 Nov 2026.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹2,01,458.47 crore, up 25.0% YoY and down 3.0% QoQ
- Net profit and EPS: ₹18,534.82 crore, up 46.9% YoY; basic EPS ₹13.31
- Finance costs: ₹3,411.41 crore, 1.7% of total income
Standalone
The company on its own, without its subsidiaries
- Total income: ₹48,341.27 crore, up 32.6% YoY and flat QoQ
- Net profit and EPS: ₹15,488.64 crore, up 57.3% YoY; basic EPS ₹12.31
- Other income: ₹4,466.12 crore, 9.2% of total income
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 2,01,458.47 | 1,61,112.81 | +25.0% | 2,07,775.93 | -3.0% | |
| Revenue from operations | 1,98,263.33 | 1,57,913.60 | +25.6% | 2,04,987.35 | -3.3% |
| Other income | 3,195.14 | 3,199.21 | -0.1% | 2,788.58 | +14.6% |
| 18,534.82 | 12,614.60 | +46.9% | 6,554.44 | +182.8% | |
| Profit before tax | 27,082.03 | 17,284.21 | +56.7% | 7,012.45 | +286.2% |
| Finance costs | 3,411.41 | 3,410.98 | 0.0% | 2,853.78 | +19.5% |
| Depreciation | 11,731.21 | 9,273.47 | +26.5% | 9,477.35 | +23.8% |
| Tax expense | 8,547.21 | 4,669.61 | +83.0% | 458.01 | n/a |
| Net profit margin | 9.20% | 7.83% | +1.37 pp | 3.15% | +6.05 pp |
| EPS, basic (₹) | 13.31 | 8.58 | +55.1% | 9.46 | +40.7% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Net profit grew faster than total income. Consolidated net profit rose 46.9% YoY to ₹18,534.82 crore while total income rose 25.0%, and profit before tax rose 56.7%. The tax line was higher: tax expense of ₹8,547.21 crore is 31.6% of profit before tax, against a year-earlier tax expense of ₹4,669.61 crore.
Other income was flat, at ₹3,195.14 crore against ₹3,199.21 crore a year earlier, so the growth in revenue from operations, up 25.6%, carried the quarter.
The statement carries an exceptional item of ₹118.76 crore expense in the quarter. The auditors drew attention to the CB-OS-02 block, the Panna Mukta demand and the Service Tax/GST matter as emphasis of matter and did not modify their conclusion.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 48,341.27 | 36,454.35 | +32.6% | 48,321.65 | 0.0% | |
| Revenue from operations | 43,875.15 | 33,030.56 | +32.8% | 46,460.45 | -5.6% |
| Other income | 4,466.12 | 3,423.79 | +30.4% | 1,861.20 | +140.0% |
| 15,488.64 | 9,847.97 | +57.3% | 17,033.81 | -9.1% | |
| Profit before tax | 19,771.61 | 12,544.71 | +57.6% | 22,848.02 | -13.5% |
| Finance costs | 1,078.57 | 1,109.80 | -2.8% | 1,085.59 | -0.6% |
| Depreciation | 8,476.07 | 6,368.63 | +33.1% | 6,282.69 | +34.9% |
| Tax expense | 4,282.97 | 2,696.74 | +58.8% | 5,814.21 | -26.3% |
| Net profit margin | 32.04% | 27.01% | +5.03 pp | 35.25% | -3.21 pp |
| EPS, basic (₹) | 12.31 | 7.83 | +57.2% | 13.54 | -9.1% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Against the previous quarter, net profit fell 9.1% while total income was flat, as profit before tax fell 13.5%.
Other income of ₹4,466.12 crore is 22.6% of standalone profit before tax of ₹19,771.61 crore, and it rose from ₹1,861.20 crore in the previous quarter. The filing does not say why other income rose in the quarter.
Standalone finance costs of ₹1,078.57 crore are 2.2% of total income and were 2.8% lower than a year earlier. Standalone results show no exceptional items.
Consolidated net profit of ₹18,534.82 crore is ₹3,046.18 crore higher than standalone net profit of ₹15,488.64 crore. Consolidated total income of ₹2,01,458.47 crore is ₹1,53,117.20 crore higher than standalone total income of ₹48,341.27 crore. Consolidated net profit attributable to owners of the company was ₹16,743.54 crore, against ₹10,784.88 crore a year earlier.
Inference
The Board declared a 1st interim dividend of ₹8 per equity share of face value ₹5, a rate of 160%, for FY 2026-27. The record date is 12 Nov 2026 and the filing says payment would be made within 30 days of declaration. The total amount is ₹10,064 crore.
The Board approved an inter-corporate loan to ONGC Videsh Limited, a wholly owned subsidiary, valid for 5 years and not exceeding ₹10,000 crore outstanding at any point of time. The filing does not say how the loan will be funded.
The company has ₹1,000 crore of unsecured non-convertible debentures outstanding as on 30 Sep 2026. The filing does not say when the committee will be reconstituted.
Filed with BSE on . Reference: Original filing (PDF)
Disclaimer:
The information available on this article is provided for education and informational purposes only. It does not constitute or provide financial, investment or trading advice and should not be construed as an endorsement of any specific stock or financial strategy in any form or manner. We do not make any representations or warranties regarding the quality, reliability, or accuracy of the information provided. This website may contain links to third-party content. We are not responsible for the content or accuracy of these external sources and do not endorse or verify the information provided by third parties. We are not liable for any decisions made or actions taken based on the information provided on this website.
