By: ICN Bureau
Last updated : November 05, 2026 7:54 pm
The stellar corporate performance was propelled by strong operations and robust revenues
State-owned energy giant Oil and Natural Gas Corporation (ONGC) on Thursday reported a massive 57.3% year-on-year (YoY) surge in its standalone net profit, reaching Rs. 15,489 crore for the second quarter of the fiscal year 2026–27 (Q2 FY27).
The stellar corporate performance was propelled by strong operations and robust revenues, prompting the Board of Directors to announce its highest-ever interim dividend payout. The Board has approved interim dividend of 160%, i.e. Rs. 8 on each equity share of Rs. 5. The total payout on this account will be Rs. 10,064 crore which is the highest ever dividend paid in a single instalment.
ONGC's standalone gross revenue for the July–September 2026 quarter climbed 32.8% YoY to Rs. 43,875 crore, up from Rs. 33,031 crore in the corresponding period of the previous fiscal. On a consolidated basis, the Maharatna's net profit surged by 46.9% YoY to Rs. 18,535 crore.
The blockbusting performance in Q2 also led the company to log its highest-ever standalone net profit for the first half of a fiscal year (H1), accumulating an impressive Rs. 32,522 crore.