ONGC stock reports 46.9% Q2 profit gain, dividend approved

Oil and Natural Gas Corporation reported a 46.9 percent year-over-year increase in consolidated profit to INR 18,534.82 crore for the July-September quarter of fiscal 2027. The figures and board decisions were reported by Kotak Neo on Friday, November 6, 2026.

Higher earnings, mixed operations

Consolidated revenue from operations rose 25.6 percent to INR 198,263.33 crore in the second quarter, compared with INR 157,913.60 crore a year earlier. Standalone profit after tax climbed 57.3 percent to INR 15,489 crore.

The sequential picture was less favorable. Standalone profit, revenue and EBITDA declined from the June quarter, while production was lower year over year. That combination leaves commodity realizations and production recovery as important factors for the next reporting periods.

Dividend and capital decisions

ONGC declared an interim dividend of INR 8 per equity share, equal to 160 percent of the INR 5 face value. November 12, 2026, is the record date, and payment is due within 30 days of the declaration.

The board also approved an inter-corporate loan of up to INR 10,000 crore for wholly owned subsidiary ONGC Videsh. The facility is valid for five years, with the outstanding amount capped at INR 10,000 crore.

India's broader equity market remains the relevant market backdrop for ONGC investors; see Current market reports.

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