ONGC Q4 FY26 Profit Surges 53% to ₹13,678 Cr; Declares Highest Ever Dividend ₹16,669 Cr
ONGC reported a consolidated net profit of ₹13,678 crore for Q4 FY26, up 53%, and ₹49,793 crore for FY26, up 30%. Standalone net profit was ₹6,650 crore for Q4 FY26. The company declared its highest-ever total dividend of ₹16,669 crore for FY26, ₹13.25 per share. Operational highlights include the Daman Upside Development project and TSP-2 contract.
The strong financial performance, record dividend payout, and significant operational and strategic developments are material events that will have a high impact on investors and the company's market position.
The company reported significant year-on-year growth in both consolidated and standalone net profits, along with the highest-ever total dividend payout. Operational achievements and strategic initiatives further contribute to a positive outlook.
Oil & Natural Gas Corporation Limited (ONGC) has announced its financial results for the fourth quarter and full fiscal year 2025-26. The company reported a consolidated net profit of ₹13,678 crore for Q4 FY26, marking a significant increase of 53% compared to the same period last year. For the full fiscal year 2026, the consolidated net profit surged by 30% to ₹49,793 crore. On a standalone basis, ONGC posted a net profit of ₹6,650 crore for Q4 FY26 and ₹32,894 crore for the full fiscal year.
The Board of Directors, in its 409th meeting on May 26, 2026, also approved the highest-ever total dividend for FY'26, amounting to ₹13.25 per share, resulting in a total payout of ₹16,669 crore. This includes an interim dividend of ₹12.25 per share already paid. The company's subsidiaries, including HPCL, MRPL, OVL, and OPaL, demonstrated remarkable improvements in their performance.
ONGC highlighted several operational achievements, including the award of a Technical Service Provider (TSP-2) contract for the entire Western Offshore and the commencement of gas production from the Daman Upside Development (DUDP) project in record time. Projects worth ₹33,075 crore are currently underway in the Western Offshore region, the highest in recent times. New well gas now constitutes 17% of production and 21% of revenue from ONGC's nomination gas portfolio.
The company also detailed its exploration efforts, including the mobilization of PROJECT DeepX for deep water exploration and drilling initiatives in various basins. ONGC declared three hydrocarbon discoveries during FY'26 and monetized three discoveries. Reserve accretion (2P) for the ONGC Group stood at 99.17 MMToE in FY'26, with a Reserve Replacement Ratio of 1.17 for ONGC-operated domestic areas.
In terms of strategic initiatives, ONGC is establishing a Petchem Trading JV with MRPL and OPaL, and has entered into specialized energy logistics with Mitsui O.S.K. Lines (MOL) for ethane shipment. The company also awarded a 300 MW ISTS connected solar power project for captive usage and has received in-principle approval to form a JVC with Gujarat Maritime Board for liquid port facilities at Dahej.
The announcement also provided performance highlights for ONGC Group companies: ONGC Videsh Ltd., Hindustan Petroleum Corporation Ltd (HPCL), Mangalore Refinery and Petrochemicals Ltd (MRPL), ONGC Petro additions Limited (OPaL), ONGC Green Limited (OGL), Petronet MHB Limited (PMHBL), ONGC Tripura Power Company (OTPC), and Mangalore SEZ Limited (MSEZ). Several awards were also received by ONGC and its subsidiaries for their performance in exploration, financial management, safety, and environmental practices.
What to do with a filing like this
Oil & Natural Gas Corporation Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Oil & Natural Gas Corporation Limited. Read the original for the full detail.