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ONGC Q2 Profit Rises 57.3% to Rs 15,489 Crore

ONGC's standalone net profit for the September 2026 quarter was Rs 15,489 crore, and its board approved an Rs 8 interim dividend.

Jhanvi Shah Nov 6, 2026, 7:31 AM IST 2 min read

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Key Takeaways

ONGC's standalone Q2 FY27 net profit was Rs 15,489 crore, up about 57.3% year on year.
Standalone gross revenue rose about 32.8% to Rs 43,875 crore.
Consolidated net profit was Rs 18,535 crore, up about 46.9%.
The board approved an interim dividend of Rs 8 per share, about Rs 10,064 crore in total.
Standalone first-half profit was Rs 32,522 crore, up about 82%.

Table of Contents 5 sections

ONGC Q2 FY27 at a glance
Higher crude prices and lower output behind ONGC's September quarter
ONGC's offshore awards approved alongside the results
Where ONGC stands after the September quarter
FAQs

ONGC reported a standalone net profit of Rs 15,489 crore for the quarter ended September 30, 2026, up about 57.3% from Rs 9,848 crore a year earlier. The company's board approved the results at its meeting on November 5, 2026.

Standalone gross revenue rose about 32.8% to Rs 43,875 crore. The board also approved a first interim dividend of Rs 8 per share, with November 12, 2026 as the record date.

ONGC Q2 FY27 at a glance

Detail	Value
Company	Oil and Natural Gas Corporation (ONGC)
Quarter	July to September 2026 (Q2 FY27)
Standalone net profit	Rs 15,489 crore, up about 57.3% from Rs 9,848 crore
Standalone gross revenue	Rs 43,875 crore, up about 32.8% from Rs 33,030 crore
Consolidated net profit	Rs 18,535 crore, up about 46.9% from Rs 12,615 crore
Standalone net profit, first half	Rs 32,522 crore, up about 82% from Rs 17,872 crore
Interim dividend	Rs 8 per share (160% of the Rs 5 face value), about Rs 10,064 crore in total
Record date for dividend	November 12, 2026
Results approved	November 5, 2026

Higher crude prices and lower output behind ONGC's September quarter

ONGC explores for and produces crude oil and natural gas. Its realisation on crude from nominated fields was US$92.33 a barrel in the quarter, up about 37.1% from US$67.34 a year earlier. Realisation on gas from new wells was US$10.24 per MMBtu, up from US$8.36.

Output was lower. Standalone crude production was 4.437 million tonnes against 4.630 million tonnes a year earlier, and standalone gas production was 4.839 billion cubic metres against 4.918 billion cubic metres. ONGC attributed the decline to reservoir complexities at its KG-98/2 asset, monsoon-related operational issues and delays in pipeline replacement projects.

When	What happened
Q2 FY26 (Nov 2025)	ONGC reported standalone net profit of Rs 9,848 crore and an interim dividend of Rs 6 per share
Q2 FY27 (Nov 5, 2026)	ONGC reported standalone net profit of Rs 15,489 crore and an interim dividend of Rs 8 per share

ONGC's offshore awards approved alongside the results

ONGC awarded two Western Offshore development projects with a combined investment of about Rs 11,800 crore, which are expected to unlock about 22 million tonnes of oil equivalent. It also awarded the Pipeline Replacement Project-X, worth more than Rs 4,300 crore.

Where ONGC stands after the September quarter

ONGC's standalone net profit for the first half of FY27 was Rs 32,522 crore, described in reports as its highest-ever half-yearly standalone profit. Consolidated net profit for the quarter was Rs 18,535 crore on gross revenue of Rs 1,98,263 crore. Shareholders on the company's books on November 12, 2026 are eligible for the Rs 8 interim dividend.

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Frequently Asked Questions

What is ONGC?

ONGC is Oil and Natural Gas Corporation, a company that explores for and produces crude oil and natural gas.

How much was ONGC's standalone net profit in Q2 FY27?

ONGC reported a standalone net profit of Rs 15,489 crore for the quarter ended September 30, 2026.

How much did ONGC's standalone profit grow?

ONGC's standalone net profit rose about 57.3% from Rs 9,848 crore in the same quarter a year earlier.

How much was ONGC's consolidated net profit in Q2 FY27?

ONGC's consolidated net profit was Rs 18,535 crore, up about 46.9% from Rs 12,615 crore a year earlier.

What was ONGC's standalone revenue in Q2 FY27?

ONGC's standalone gross revenue was Rs 43,875 crore, up about 32.8% from Rs 33,030 crore.

How much dividend did ONGC announce?

ONGC's board approved a first interim dividend of Rs 8 per share, which is 160% of the Rs 5 face value.

How much will ONGC pay out in total as dividend?

The Rs 8 interim dividend adds up to about Rs 10,064 crore for ONGC.

What is the record date for ONGC's interim dividend?

The record date for ONGC's interim dividend is November 12, 2026.

How much was ONGC's profit in the first half of FY27?

ONGC's standalone net profit for the first half of FY27 was Rs 32,522 crore, up about 82% from Rs 17,872 crore.

How much did ONGC get for its crude oil in the quarter?

ONGC's realisation on crude from nominated fields was US$92.33 a barrel, up about 37.1% from US$67.34.

How did ONGC's production change in Q2 FY27?

ONGC's standalone crude production was 4.437 million tonnes against 4.630 million tonnes, and gas production was 4.839 billion cubic metres against 4.918 billion cubic metres.

What offshore projects did ONGC award?

ONGC awarded two Western Offshore development projects worth about Rs 11,800 crore combined and the Pipeline Replacement Project-X worth more than Rs 4,300 crore.