ONGC has announced its financial results for the second quarter and first half of FY’27. The company reported a net profit of ₹15,489 crore for Q2 FY’27, a 57.3% increase year-on-year. For the first half of FY’27, ONGC achieved a record profit of ₹32,522 crore, up 82.0%. The Board also approved a 160% interim dividend, amounting to ₹8 per equity share, totaling ₹10,064 crore.
ONGC Announces Strong Q2 and Record H1 FY’27 Financials
New Delhi, November 5, 2026 – Oil and Natural Gas Corporation (ONGC) today announced its unaudited financial results for the second quarter (Q2) and the first half (H1) of the financial year 2026-27. The company has reported a substantial increase in profits and declared its highest-ever interim dividend.
Financial Performance Highlights
In Q2 FY’27, ONGC’s standalone gross revenue grew by 32.8% to ₹43,875 crore. The standalone net profit for the quarter surged by 57.3% to ₹15,489 crore. On a consolidated basis, net profit for Q2 FY’27 rose by 46.9% to ₹18,535 crore.
The first half of FY’27 (H1 FY’27) proved to be exceptionally strong, with standalone net profit reaching a record high of ₹32,522 crore, an increase of 82.0% compared to the same period last year. Consolidated net profit for H1 FY’27 stood at ₹25,089 crore, up 3.8%.
Record Interim Dividend
In line with its robust financial performance, the ONGC Board of Directors has approved an interim dividend of 160%. This translates to ₹8 per equity share on a face value of ₹5, with a total payout of approximately ₹10,064 crore. This marks the highest-ever dividend paid by the company in a single installment.
Key Operational and Project Updates
ONGC also highlighted two major development projects in the Western Offshore, worth ₹11,800 crore, aimed at unlocking future production. Furthermore, the company notified two new hydrocarbon discoveries during Q2 FY’27, one onland prospect discovery (Amraghat-1) and one new pool discovery (Vadatal-48).
The company maintained broadly stable production during Q2 FY’27 compared to Q1 FY’27, despite some challenges. Engagement with M/s bp as a Technical Service Provider has also been scaled up for the Western Offshore to enhance production from mature fields.
Awards and Recognitions
ONGC and its entities received several accolades during the period, including the Global Decarbonization Award 2026, Best PSU Partner at PMIS Recognition Awards 2026, and the Global Sustainability Champion Award 2026. The company’s Institute of Production Engineering and Ocean Technology (IPEOT) secured multiple patents for its innovations.
Source: BSE
