ONGC Q3 FY26: Consolidated Net Profit Surges 23% to ₹11,946 Crore; Declares ₹6.25 Dividend
ONGC reported a 23% year-on-year increase in consolidated net profit to ₹11,946 crore for Q3 FY'26. The company declared a second interim dividend of ₹6.25 per share, bringing the cumulative dividend for FY'26 to 245%. Standalone net profit for the quarter rose 1.6% to ₹8,372 crore.
The substantial increase in profits and the declaration of a high dividend directly impact shareholder value and reflect positively on the company's financial health and operational performance.
The company reported strong growth in consolidated net profit, a significant increase in cumulative interim dividend, and positive operational developments, all of which are favorable for investors.
Oil & Natural Gas Corporation Limited (ONGC) announced robust financial results for the third quarter (Q3) of FY 2025-26, with its Board approving the unaudited financial performance on 12th February 2026.
Consolidated net profit for Q3 FY'26 saw a significant increase of 23% to ₹11,946 crore, compared to ₹9,747 crore in the same period last fiscal. For the nine-month period (9M) of FY'26, consolidated net profit rose by 22.99% to ₹36,115 crore. Standalone net profit for Q3 FY'26 grew by 1.6% to ₹8,372 crore, while for 9M FY'26, it decreased by 10.0% to ₹26,244 crore. The company also reported an uptick in standalone Crude Oil production by 0.35% and steady Natural Gas production for 9M FY'26.
ONGC's Board declared a second interim dividend of 125%, amounting to ₹6.25 per equity share, with a total payout of ₹7,863 crore. This brings the cumulative interim dividend for FY'26 to 245%. The record date for this dividend distribution has been fixed for 18th February 2026.
Significant operational highlights include encouraging results from TSP-1 at Mumbai High Field, successful installation of mega structures for the KG-98/2 project, and the nearing completion of four major infrastructure projects for the Western Offshore Daman Upside Development Project. Revenue from New Well Gas has crossed ₹5,000 crore in FY'26. ONGC also monetized two hydrocarbon discoveries and spudded its first stratigraphic well in the Andaman Basin. The company received the 'Exploration Company of the Year' award at the India Energy Week 2026.
Furthermore, ONGC executed an Unloading, Storage & Handling (USH) Services Agreement for Ethane with Petronet LNG and its Joint Venture Companies signed shipbuilding contracts for two Very Large Ethane Carriers. The company also received the Mahatma Award for Healthcare Excellence and the Best Fire Safe Upstream Award.
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