ONGC Q2 net profit surges 28% to ₹12,615 cr

Oil and Natural Gas Corporation (ONGC) reported a strong performance for the second quarter (Q2) of FY 2025-26, with its Board approving the financial results in its 402nd meeting held on Monday.

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The state-run energy major posted a consolidated net profit of Rs 12,615 crore, marking a 28.2 per cent rise over Rs 9,841 crore in the same period last year.

On a consolidated basis, ONGC’s gross revenue stood at Rs 1,57,911 crore in Q2 FY26, marginally lower than Rs 1,59,331 crore a year ago.

For the first half (H1) of FY26, gross revenue declined 2.2 per cent year-on-year to Rs 3,21,019 crore. Consolidated net profit for H1 FY26 rose 23.2 per cent to Rs 24,169 crore, up from Rs 19,617 crore in H1 FY25.

Net profit attributable to owners increased 5.4 per cent to Rs 10,785 crore in Q2 and 1.9 per cent to Rs 20,589 crore in H1 FY26 compared with the previous year’s corresponding periods.