ONGC Net Profit Climbs 1.6% YoY To ₹8,372 Crore In Q3 FY26 Amid Cost Discipline
· Free Press Journal
Mumbai: In Q3 FY26, ONGC's revenue from operations declined 6.4 percent YoY to Rupees 31,546.51 crore from Rupees 33,716.80 crore in Q3 FY25. On a sequential basis, revenue dipped 4.5 percent from Rupees 33,030.56 crore in Q2 FY26. Profit, however, inched up 1.6 percent YoY to Rupees 8,371.85 crore. The company cited softer statutory levies and exploration write-offs as supporting factors amid lower topline performance.
Sequential growth moderates with margin pressure
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Quarter-on-quarter, net profit fell 15 percent from Rupees 9,847.97 crore, largely due to a decline in revenue and increase in total expenses, which rose slightly to Rupees 24,038.19 crore. Operating margin narrowed to 37.26 percent from 41.34 percent in Q2. Tax expense also decreased to Rupees 2,230.21 crore from Rupees 2,696.74 crore. Earnings per share dropped to Rupees 6.65 from Rupees 7.83 in Q2, reflecting reduced bottom-line strength.
Dividend declared amid cautious optimism
The Board declared a second interim dividend of Rupees 6.25 per share (125 percent) for FY26, adding to the earlier Rupees 6 payout in November. ONGC’s financials continued to benefit from moderated finance costs and lower deferred tax outgo. Equity base remained stable at Rupees 6,290.14 crore. While revenue declined, key expense line-items such as statutory levies and depreciation were kept in check sequentially.
9M FY26: Profit dips, revenues soften
For the nine months ended December 2025, ONGC reported a 6.1 percent decline in revenue to Rupees 96,579.96 crore from Rupees 102,864.06 crore in the same period last year. Net profit also dropped 10 percent YoY to Rupees 26,244.05 crore. EPS for the 9M period stood at Rupees 20.86, compared to Rupees 23.18 a year earlier. Despite lower crude prices, ONGC maintained robust profitability, indicating disciplined cost and operational management.
Disclaimer: This report is based on publicly disclosed financial results by ONGC. It is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell.