Oil & Natural Gas Corpn's Q3 FY 2025-26 Quarterly Results

Result Summary

• Oil & Natural Gas Corpn Ltd reported a 6.0% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 1.3%.
• Its expenses for the quarter were up by 7.4% QoQ and 0.0% YoY.
• The net profit decreased 5.3% QoQ and increased 22.1% YoY.
• The earnings per share (EPS) of Oil & Natural Gas Corpn Ltd stood at 7.96 during Q3 FY 2025-26.

Financial Statments for Q3 FY 2025-26

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Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Oil & Natural Gas Corporation Limited (ONGC) is one of the largest oil and gas companies in India. It operates in the exploration, development, and production of crude oil and natural gas. The company is involved in various stages of the hydrocarbon value chain, including refining, petrochemicals, and power generation. ONGC plays a significant role in meeting India's energy demands and has a presence in both onshore and offshore exploration activities. The company is instrumental in developing new technologies and expanding its operations to ensure a steady supply of oil and gas. As of the latest data, no recent major developments have been specifically identified.

Revenue

In Q3FY26, ONGC reported a total income of ₹170,730.43 crores, which marks a 6.0% increase from the previous quarter (Q2FY26) and a 1.3% increase from the same quarter last year (Q3FY25). This growth in total income reflects the company's ability to maintain and slightly improve its revenue stream year-over-year. The increase in revenue over the quarters could be attributed to several factors including fluctuating commodity prices, changes in demand, or expansion in production capabilities. It's noteworthy that despite the challenges in the energy sector, the company has managed to sustain a positive trajectory in its revenue generation.

Profitability

ONGC's profitability metrics for Q3FY26 show some fluctuations. The company's profit before tax (PBT) was ₹16,092.84 crores, a decrease of 5.0% compared to the previous quarter, but a 15.9% increase from Q3FY25. After accounting for taxes, the profit after tax (PAT) stood at ₹11,946.42 crores, reflecting a 5.3% decline from the previous quarter but a significant 22.1% increase year-over-year. The tax expense for the quarter was ₹4,243.66 crores, decreasing by 9.1% QoQ, yet showing a 13.5% increase YoY. The earnings per share (EPS) stood at ₹7.96, declining by 7.2% from the previous quarter, but improving by 16.2% from the same period last year. These figures indicate a robust year-over-year improvement in profitability despite the quarterly decline.

Operating Metrics

The total expenses for ONGC in Q3FY26 were ₹154,682.71 crores, which represents a 7.4% increase from the previous quarter and remains almost unchanged from Q3FY25. This suggests that while expenses have risen from the last quarter, they have been effectively managed on a year-over-year basis. The company has achieved a profit margin by controlling its expenses relative to its income, although the quarterly decline in profits indicates potential cost pressures or revenue challenges. The earnings per share (EPS) of ₹7.96 reflects the profitability per share available to the shareholders, despite the slight decrease from the previous quarter. The operating metrics give an insight into the financial health and operational efficiency of ONGC over the analyzed periods.