Oil & Natural Gas Corpn's Q2 FY 2025-26 Quarterly Results

Result Summary

• Oil & Natural Gas Corpn Ltd reported a 2.8% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 0.9%.
• Its expenses for the quarter were down by 3.9% QoQ and 3.8% YoY.
• The net profit increased 9.2% QoQ and increased 27.7% YoY.
• The earnings per share (EPS) of Oil & Natural Gas Corpn Ltd stood at 8.58 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

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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 & Natural Gas Corporation Limited (ONGC) is a leading state-owned oil and gas company in India. The company is primarily engaged in the exploration, production, and development of crude oil and natural gas. As a major player in the energy sector, ONGC operates in both upstream and downstream segments, contributing significantly to India's energy needs. While specific recent developments are not provided in the data, ONGC's strategic initiatives typically focus on expanding its production capabilities and enhancing technological efficiencies to sustain its position in the industry.

Revenue

In the second quarter of fiscal year 2026, ONGC reported total income of ₹161,019.10 crores, reflecting a slight decrease of 2.8% compared to the previous quarter (Q1FY26) and a marginal decline of 0.9% when compared to the same quarter in the previous year (Q2FY25). This decrease in total income from Q1FY26 may indicate fluctuations in market conditions or production volumes. Despite these changes, the company's revenue remains robust, showcasing its ability to maintain a stable financial performance over time.

Profitability

During Q2FY26, ONGC's profit before tax stood at ₹16,944.57 crores, which represents a 7.7% increase from Q1FY26 and a substantial 33.3% increase year-over-year from Q2FY25. The tax expense for the quarter was ₹4,669.61 crores, marking an 18.1% increase from the previous quarter and a significant 65.5% increase year-over-year. Consequently, the profit after tax for Q2FY26 was ₹12,614.60 crores, an increase of 9.2% QoQ and 27.7% YoY. These figures demonstrate the company's improving profitability over the periods analyzed. Earnings per share also rose to ₹8.58, marking a 10.1% increase from the previous quarter and a 5.0% increase from the same quarter last year, reflecting enhanced earnings distribution to shareholders.

Operating Metrics

Total expenses for ONGC in Q2FY26 amounted to ₹144,074.34 crores, which indicates a reduction of 3.9% from Q1FY26 and 3.8% from Q2FY25. This reduction in expenses suggests effective cost management strategies employed by the company during the quarter. The decrease in expenses, coupled with the increase in profit before tax, highlights efficient operational performance. Although specific operational ratios such as the P/E ratio, debt-to-equity ratio, or current ratio are not provided in the data, these financial metrics could provide further insights into the company's operational efficiency and financial health.