ONGC’s quarterly results for the July-September quarter of FY26 have been released, revealing a significant increase in consolidated net profit. The state-owned oil and natural gas corporation has declared a dividend of 120% for its shareholders, marking a substantial payout.
The consolidated net profit reported by ONGC increased by 28.2% year-on-year (YoY) to Rs 12,615 crore, while the standalone net profit stood at Rs 9,848 crore. This represents a notable jump from the same period last year, indicating a healthy recovery in the company’s financial performance.
The record-breaking dividend payout is expected to bring substantial benefits to ONGC’s shareholders. With the announcement of this significant increase, investors and stakeholders can look forward to receiving higher dividends compared to previous quarters.
ONGC’s Q2 results demonstrate the company’s resilience and ability to navigate challenging market conditions. The increased dividend payment is a testament to the corporation’s commitment to sharing its profits with its shareholders.
The Q2 results also highlight ONGC’s focus on exploration and production activities. The company has been working towards expanding its hydrocarbon resources, which has contributed to the increase in consolidated net profit.
Moving forward, ONGC will continue to work towards achieving its goals and objectives. The company’s management team is committed to ensuring sustainable growth and returns for its shareholders.
Key points:
• Consolidated net profit increased by 28.2% YoY to Rs 12,615 crore
• Standalone net profit stood at Rs 9,848 crore
• ONGC declared a dividend of 120% for its shareholders
