Oil and Natural Gas Corporation Limited (ONGC) reported its financial results for the fiscal year 2025-26, with a net profit of ₹328,940 million, reflecting a decrease of 7.63% compared to the previous year. Revenue from operations also saw a decline of 3.87% to ₹1,325,081 million. The company cited market pressures and geopolitical uncertainties as key factors influencing the performance. ONGC maintained its focus on operational efficiency and strategic capital allocation for future growth.
ONGC Reports Financial Performance for FY 2025-26
Oil and Natural Gas Corporation Limited (ONGC) has announced its financial results for the fiscal year ended March 31, 2026. The company reported a net profit of ₹328,940 million, a decrease of 7.63% compared to the previous year’s net profit of ₹356,103 million. Revenue from operations also saw a decline of 3.87% to ₹1,325,081 million, compared to ₹1,378,463 million in FY’25. These results reflect the challenging global energy landscape, geopolitical tensions, and evolving market dynamics that have impacted the sector.
Key Financial Highlights
The company’s performance was influenced by several factors, including fluctuating oil and gas prices, supply chain disruptions, and policy shifts aimed at curbing consumption. ONGC highlighted its strategic focus on operational efficiency, cost optimization, and diversification into renewable energy sources to mitigate risks and ensure a secure financial base. The company also emphasized its commitment to strengthening its risk management systems and maintaining operational excellence to safeguard long-term value creation and organizational resilience.
Despite the modest dip in net profit and revenue, ONGC underscored its robust capital expenditure program, investing in projects aimed at enhancing recovery and unlocking potential in unexplored basins. The company’s exploration efforts continue to yield results, with three hydrocarbon discoveries notified during the year. ONGC remains committed to its net-zero target for Scope 1 and Scope 2 operational emissions by 2038, and is actively pursuing clean energy initiatives to strengthen its portfolio.
Source: BSE
