Oil and Natural Gas Corporation (ONGC) reported a 4% increase in its revenue from operations for Q4FY26, reaching Rs 1,73,805 crore compared to Rs 1,67,749 crore in the same quarter last year. The company's profit after tax (PAT) also saw an 8% sequential growth, amounting to Rs 10,820 crore, up from Rs 10,016 crore in Q3FY26.
The board of directors has recommended a final dividend of Re 1 per equity share for the financial year 2025-26. Additionally, the board has given in-principle approval for a 50:50 joint venture with Gujarat Maritime Board to develop a 5 MMTPA liquid port at Dahej, Gujarat, pending necessary approvals.
ONGC's standalone net profit for Q4FY26 was Rs 6,650 crore, with a total net profit of Rs 32,894 crore for the entire fiscal year. The company's subsidiaries, including HPCL, MRPL, OVL, and OPaL, have shown remarkable improvements in performance.
The total dividend for FY26 stands at Rs 13.25 per share, with a payout ratio of 51%. ONGC highlighted ongoing projects worth Rs 33,075 crore in the Western offshore, marking the highest in recent times. New well gas constituted 17% of production and 21% of revenue from the ONGC nomination gas portfolio in FY26.
The ONGC Videsh turnover for FY26 was Rs 8,443 crore, a decrease from Rs 9,160 crore in FY25, primarily due to lower crude oil prices. However, the PAT increased to Rs 1,152 crore from Rs 428 crore in FY25. HPCL reported a revenue growth of 2.6% to Rs 4,78,543 crore and a PAT of Rs 17,175 crore for FY26. MRPL's net profit surged to Rs 1,931 crore in FY26 from Rs 51 crore in FY25, despite a slight decline in revenue.
Background
The strategic developments and financial performance of ONGC and its subsidiaries indicate a robust position in the energy sector. The proposed joint venture and ongoing projects highlight ONGC's commitment to expanding its operational capabilities.
Looking ahead, ONGC's focus on strategic partnerships and infrastructure development will be crucial in sustaining growth. Investors and stakeholders will be keenly watching the progress of the joint venture with Gujarat Maritime Board and the impact of ongoing projects on future earnings.
