ONGC delivers robust Q3 FY26: Higher profit, strong dividend, stable output

DBT Bureau

Pune, 13 Feb 2026

Highlights:

Posts consolidated net profit of ₹ 11,946 crore during Q3 FY’26, up by 23%.
Standalone net profit of Q3 FY’26 goes up by 1.6% to ₹ 8,372 crore.
Standalone Crude Oil production continues to rise. Up by 0.35% for 9M FY’26.
Standalone Natural Gas production in Q3 FY’26 registers an uptick while 9M FY’26 output remains steady.
TSP-1 at Mumbai High Field is showing encouraging results.
KG-98/2 – All imported mega structures and modules successfully installed at Eastern Offshore.
Western Offshore Daman Upside Development Project nears gas production start; 4 major infrastructure projects nearing completion.
Revenue from New Well Gas crosses ₹ 5,000 crore during current FY’26.
2nd Interim dividend of 125% declared taking cumulative dividend for FY’26 to 245%.

ONGC released the results for Third Quarter (Q3) of FY 2025-26.

Q3 Financial Performance (Consolidated)

Metric	FY’25 (₹ Cr)	FY’26 (₹ Cr)	% Variance
Gross Revenue	1,67,423	1,67,213	0.13%
Net Profit	11,946	9,747	22.56%
Net Profit attributable to owners	10,016	8,585	16.67%

9M Financial Performance (Consolidated)

Metric	FY’26 (₹ Cr)	FY’25* (₹ Cr)	% Variance
Gross Revenue	4,88,442	4,95,512	-1.43%
Net Profit	36,115	29,364	22.99%
Net Profit attributable to owners	30,605	28,795	6.29%

Dividends

The Board has approved 2nd interim dividend of 125% i.e. ₹ 6.25 on each equity share of ₹5. The total payout on this account will be ₹ 7,863 crore. The Record date for distribution of dividend has been fixed for 18th February 2026 which has been intimated to the stock exchanges. This is in addition to 1st interim dividend of ₹ 6.00 per share (120%) declared earlier in Nov,2025.

Production Performance

ONGC registered an upward growth of 0.35% in Crude Oil production during 9M FY’26 while Natural Gas production remains constant during the same period. The detailed production performance of ONGC is as under:

Crude Oil Production (MMT)