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Oil and Natural Gas (ONGC) investor relations material
Oil and Natural Gas Q3 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Standalone crude oil production in Q3 FY 2026 was 4.592 MMT, with nine-month output at 13.907 MMT, up 0.35% year-over-year, reflecting operational stability and growth momentum.
Standalone natural gas production showed a year-over-year increase, with New Well Gas revenue crossing INR 5,000 crore in nine months, contributing over 18% of total gas sales revenue.
Unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, were approved and reviewed by the Board and auditors, with no material misstatements identified.
Board declared a second interim dividend of 125% (INR 6.25/share), totaling INR 7,863 crore, leading to a record cumulative interim dividend of INR 15,411 crore for the year.
Financial highlights
Consolidated net profit grew 23% year-over-year in Q3 FY 2026 to INR 11,946 crore; nine-month consolidated net profit was INR 36,115 crore, up from INR 29,364 crore.
Standalone net profit for Q3 FY 2026 was INR 8,372 crore, up 1.6% year-over-year; nine-month standalone net profit was INR 26,244 crore, down from INR 29,162 crore.
Q3 FY 2026 sales revenue declined due to a INR 2,145 crore drop in crude oil revenue and INR 710 crore reduction in value-added products, partially offset by a INR 505 crore increase in natural gas revenue.
Standalone revenue from operations for Q3 FY26 was INR 31,546.51 crore; consolidated revenue was INR 167,422.93 crore.
Standalone EPS for Q3 FY26 was INR 6.65; consolidated EPS was INR 7.96.
Outlook and guidance
FY 2027 standalone production target is 42.5 million tons oil and oil equivalent (21 MMT oil, 21.5 MMT gas).
CapEx guidance for FY 2027 remains at INR 32,000–33,000 crore, focused on exploration and production.
KG 98/2 gas production expected to ramp up to 5–6 MMSCMD by end-FY 2027, with peak guidance at 7–8 MMSCMD.
Daman Upside Project to contribute 4–5 MMSCMD gas in FY 2027.
The company remains prepared to assume operational control of the CB-OS-02 JV block as directed by the government, pending court proceedings.
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