ONGC Q4FY26 Results: Profit Jumps 46% To ₹10,820 Crore

Oil and Natural Gas Corporation (ONGC) reported a strong set of earnings for the fourth quarter ended 31 March 2026, with consolidated profit rising sharply year-on-year. The growth came in because of higher revenue and improved performance across key subsidiaries, including Hindustan Petroleum Corporation Limited (HPCL) and Mangalore Refinery and Petrochemicals Limited (MRPL).

The state-run oil and gas major posted a consolidated profit after tax (PAT) of ₹10,820 crore in Q4FY26, marking a 45.6% increase from ₹7,431 crore reported in the same quarter last year. On a sequential basis, profit was up around 8% from ₹10,016 crore in Q3FY26.

At the close of the trading session on 25 May 2026, ONGC stock was quoted at ₹287.50 apiece on the National Stock Exchange, up 0.89% from the previous close.

Revenue Growth And Dividend Announcement

Revenue from operations came in at ₹1,73,805 crore during the March quarter, compared with ₹1,67,749 crore in Q4FY25, reflecting 4% year-on-year growth. Revenue also improved from ₹1,67,423 crore reported in the December quarter.

On a standalone basis, ONGC reported Q4FY26 net profit of ₹6,650 crore, while full-year standalone profit stood at ₹32,894 crore.

The board recommended a final dividend of ₹1 per equity share for FY26. Including interim dividends already paid during the year, the total dividend for FY26 stands at ₹13.25 per share, translating into a payout ratio of 51%.

Beyond earnings, ONGC’s board also approved an in-principle 50:50 joint venture with Gujarat Maritime Board to develop a 5 MMTPA liquid port at Dahej, Gujarat, subject to regulatory and investment approvals.

Subsidiary Performance and Operational Highlights

Operationally, ONGC said projects worth ₹33,075 crore are currently under execution in the western offshore region, the highest in recent years. The company added that new well gas contributed 17% of production and 21% of revenue from its nomination gas portfolio during FY26.

Among subsidiaries, ONGC highlighted strong performance from Hindustan Petroleum Corporation Limited, Mangalore Refinery and Petrochemicals Limited, ONGC Videsh and OPaL.

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ONGC Videsh reported FY26 PAT of ₹1,152 crore, up from ₹428 crore a year ago. MRPL posted ₹1,931 crore profit in FY26 against just ₹51 crore in FY25. HPCL reported standalone PAT of ₹17,175 crore, sharply higher than ₹7,365 crore last year.

Source:

Economic Times