New Delhi : ONGC reported a consolidated net profit of Rs 12,615 crore in Q2 FY’26, marking a 28.2% increase. Standalone net profit was Rs 9,848 crore.
Crude oil production rose by 1.2%, while revenue from new well gas constituted over 21% of total gas revenue in H1 FY’26. An interim dividend of 120% was declared. Overall, gross revenue for Q2 FY’26 was Rs 1,59,331 crore, slightly down from the previous year.
The company has focused on boosting domestic production with a 1.2% increase in standalone crude oil and stabilized gas production decline. ONGC also made strategic moves in exploration and monetization, including new hydrocarbon discoveries and joint ventures with other companies to enhance gas field development and drilling solutions.
