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ONGC’s gas push to soften oil hit
Mint Kolkata
|February 18, 2026
No comfort ONGC's standalone Ebitda declined year-on-year in Q3FY26, weighed down by lower crude oil prices even as gas realization improved.
Oil and Natural Gas Corp. Ltd (ONGC) posted rather muted Q3 results, impacted by the continued drop in crude oil prices and stagnant volumes.
Higher gas realization, though, brought some comfort. Standalone Ebitda declined by 9% year-on-year (yo-y) to ₹17,300 crore, while revenue fell 6% to ₹31,500 crore. Consolidated revenue was flat at ₹1.67 trillion and Ebitda increased by 3% to ₹27,400 crore. Lower crude prices improved the profit margins of its downstream refining subsidiary, Hindustan Petroleum Corp. Ltd (HPCL).
Diese Geschichte stammt aus der February 18, 2026-Ausgabe von Mint Kolkata.
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