Oil and Natural Gas Corporation Ltd Q4 FY26 Results

Summary

ONGC reported a strong financial performance in Q4 FY’26, with consolidated net profit surging by 53% to ₹13,678 crore, contributing to a 30% increase to ₹49,793 crore for the full fiscal year. Consolidated gross revenue for the quarter rose by 3.6% to ₹1,73,805 crore, while full-year consolidated revenue saw a marginal decline of 0.2%. The company announced its highest ever total dividend payout of ₹16,669 crore for FY’26, reflecting a robust return to shareholders. Operationally, ONGC commenced gas monetization from the Daman Upside Development Project and has significant projects valued at ₹33,075 crore underway in Western Offshore, aimed at addressing production challenges and driving future growth.

Key Highlights

1. 1

   ONGC posted a consolidated net profit of ₹13,678 crore during Q4 FY’26, marking a significant increase of 53% year-on-year.

2. 2

   For the full fiscal year FY’26, consolidated net profit grew by 30% to ₹49,793 crore.

3. 3

   The company declared its highest ever total dividend of ₹16,669 crore for FY’26, equivalent to ₹13.25 per share.

4. 4

   Consolidated gross revenue for Q4 FY’26 reached ₹1,73,805 crore, an increase of 3.6% compared to the previous year.

5. 5

   ONGC initiated gas monetization in record time from the Mega Offshore Gas Project - Daman Upside Development (DUDP) in Western Offshore.

6. 6

   The company has ₹33,075 crore worth of projects currently underway in Western Offshore, representing the highest capital expenditure in that region in recent times.

7. 7

   New well gas contributed 17% of total production and 21% of revenue from ONGC’s nomination gas portfolio in FY’26.