ONGC's Q1 FY 2025-26 Quarterly Results

Result Summary

• ONGC reported a 2.5% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 2.3%.
• Its expenses for the quarter were down by 2.7% QoQ and 3.8% YoY.
• The net profit increased 0.2% QoQ and increased 12.9% YoY.
• The earnings per share (EPS) of ONGC stood at 7.8 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Oil and Natural Gas Corporation (ONGC) is a prominent player in the energy sector, primarily engaged in the exploration, development, and production of crude oil and natural gas. As a state-owned enterprise in India, ONGC is one of the largest producers of oil and gas in the country, contributing significantly to the domestic energy supply. The company operates across several segments including offshore and onshore exploration activities. Additionally, ONGC has a notable presence in refining and marketing through its subsidiaries. While no recent major developments have been specified, the company typically focuses on expanding its exploration activities and enhancing production efficiencies to maintain its market position.

Revenue

In the first quarter of the fiscal year 2026, ONGC reported a total income of ₹165,681.35 crores, marking a 2.5% decline compared to the previous quarter (Q4FY25) total income of ₹169,875.25 crores. Compared to the same quarter in the previous fiscal year (Q1FY25), there was a 2.3% decrease from ₹169,562.26 crores. The YoY and QoQ declines in total income suggest a decrease in overall revenue generation during the quarter. This decline could be reflective of various factors, including fluctuations in market demand, pricing, or production volumes.

Profitability

ONGC's profitability metrics for Q1FY26 indicate a positive trend despite the decline in total income. The company recorded a Profit Before Tax (PBT) of ₹15,736.47 crores, which is a 12.0% increase QoQ from ₹14,050.82 crores in Q4FY25, and a 14.3% increase YoY from ₹13,765.95 crores in Q1FY25. The Profit After Tax (PAT) for Q1FY26 stands at ₹11,554.21 crores, a slight increase of 0.2% QoQ from ₹11,526.53 crores in Q4FY25 and a significant 12.9% increase YoY from ₹10,235.64 crores in Q1FY25. The tax expense for the quarter increased by 6.8% QoQ and 5.6% YoY, amounting to ₹3,954.37 crores compared to ₹3,701.89 crores in Q4FY25 and ₹3,745.37 crores in Q1FY25. These figures reflect stable profitability growth despite the reduction in total income.

Operating Metrics

Operating expenses for ONGC in Q1FY26 were recorded at ₹149,926.32 crores, showing a decrease of 2.7% QoQ from ₹154,091.08 crores in Q4FY25, and a 3.8% decrease YoY from ₹155,796.31 crores in Q1FY25. This reduction in total expenses may have contributed to the company's improved profitability metrics. The Earnings Per Share (EPS) for Q1FY26 was ₹7.80, showing a decrease of 2.5% QoQ from ₹8.00 in Q4FY25 and a 1.3% decrease YoY from ₹7.90 in Q1FY25. The decrease in EPS alongside the improvement in PAT could be attributed to factors such as share count changes or dividend policies that aren't detailed in the provided data.