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ONGC’s net profit surged 112% to Rs 17,034 crore in Q1 FY27
04-Aug-2026, 09:06
Oil and Natural Gas Corporation (ONGC) reported a net profit of Rs 17,034 crore for the first quarter of fiscal year 2026-27, a 112% increase compared to Rs 8,024 crore in the same quarter last year. The company's standalone gross revenue rose to Rs 46,460 crore, up 45% year-on-year, and achieved a record quarterly Profit Before Tax of Rs 22,848 crore. ONGC is currently undertaking a capital investment program of more than Rs 40,000 crore in its Western offshore operations and has spudded its first deepwater well in the Mahanadi basin as part of the "Samudra Manthan" offshore exploration initiative.
Oil and Natural Gas Corporation (ONGC) reported a net profit of Rs 17,034 crore for the first quarter of fiscal year 2026-27, a 112% increase compared to Rs 8,024 crore in the same quarter last year. The company's standalone gross revenue rose to Rs 46,460 crore, up 45% year-on-year, and achieved a record quarterly Profit Before Tax of Rs 22,848 crore. ONGC is currently undertaking a capital investment program of more than Rs 40,000 crore in its Western offshore operations and has spudded its first deepwater well in the Mahanadi basin as part of the "Samudra Manthan" offshore exploration initiative.