New Delhi, Feb 13: Highlights from ONGC’s unaudited financial results for Q3 FY’26 indicate a substantial consolidated net profit of ₹ 11,946 crore, an increase of 23% from the previous year.
Standalone net profit rose by 1.6% to ₹ 8,372 crore. Crude oil production increased by 0.35% for the first nine months of FY’26, while natural gas production showed consistent results.
The company expressed positive developments at its Mumbai High Field and has completed the installation of all mega structures for the KG-98/2 project at Eastern Offshore.
The Western Offshore Daman Upside Development Project is nearing gas production initiation with four major infrastructure projects on the verge of completion. Revenue from new well gas surpassed ₹ 5,000 crore, contributing significantly to ONGC’s total gas sales revenue.
The ONGC Board declared a second interim dividend of 125%, raising the cumulative dividend for FY’26 to 245%. The gross revenue experienced a slight decline in both consolidated and standalone formats.
The exploration performance includes the acquisition of extensive seismic data and monetization of two hydrocarbon discoveries during the quarter.
urthermore, ONGC was recognized at various award ceremonies for excellence in healthcare contributions, fire safety in upstream processes, and achievements in energy transformation.
This summary is intended to inform stakeholders about the critical financial and operational highlights approved in the Board meeting held on 12 February 2026, without implying future performance guidance.
