ONGC Q2 Results: Consolidated PAT jumps 47% YoY to Rs 18,535 crore; co declares interim dividend Rs 8/share

State-owned Oil and Natural Gas Corporation (ONGC) reported a 46.9% year-on-year (YoY) jump in consolidated profit after tax (PAT) to Rs 18,534.82 crore for the second quarter of FY27 (Q2FY27), compared with Rs 12,614.60 crore in the corresponding quarter of the previous financial year (Q2FY26). Consolidated revenue from operations increased 25.6% YoY to Rs 1,98,263.33 crore in Q2FY27, against Rs 1,57,913.60 crore in the year-ago quarter.

On a standalone basis, ONGC reported a 57.3% YoY increase in PAT to Rs 15,489 crore in Q2FY27, compared with Rs 9,847.97 crore in Q2FY26. However, sequentially, the company's standalone financial performance moderated. Profit after tax declined 9.1% quarter-on-quarter (QoQ) to Rs 15,489 crore in Q2FY27 from Rs 17,034 crore in the preceding quarter.

Revenue fell 5.6% QoQ to Rs 43,875 crore from Rs 46,460 crore, while EBITDA declined 12.3% to Rs 24,860 crore from Rs 28,355 crore.


EBITDA margin also contracted to 56.7% in Q2FY27 from 61% in the previous quarter.

ONGC declares Rs 8 interim dividend

The company's board has declared its first interim dividend of Rs 8 per equity share of face value Rs 5 each for FY27, translating into a payout of 160%.

ONGC further said that it has fixed November 12, 2026 as the record date for determining shareholders' eligibility for the dividend. The company said the dividend will be paid within 30 days from the date of declaration.

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ONGC approves Rs 10,000 crore loan to ONGC Videsh

The board has also approved an inter-corporate loan of up to Rs 10,000 crore to ONGC Videsh Limited, its wholly owned subsidiary.

The loan facility will be valid for five years, with the outstanding amount not exceeding Rs 10,000 crore at any point in time. The terms and conditions will be mutually agreed upon by the two companies.

Separately, ONGC disclosed that it had unsecured non-convertible debentures (NCDs) worth Rs 1,000 crore outstanding as of September 30, 2026. It clarified that security cover certificates are not applicable under Regulation 54 of the SEBI Listing Regulations, 2015, as the NCDs are unsecured.

ONGC share price

ONGC shares settled 2.13% lower at Rs 230 on the NSE, compared with the previous close of Rs 235. During the trading session, the stock moved between Rs 228.65 and Rs 233.39.

So far in 2026, ONGC shares have declined 3.34%.

At the current market price, the company had a market capitalisation of approximately Rs 2.89 lakh crore on the NSE.

Disclosure: This article has been written by Kumar Gaurav, who is not a Sebi-registered Research Analyst or an Investment Adviser. Gaurav and their ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective Sebi-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here