Oil and Natural Gas Corporation Ltd. (ONGC) reported a 57.3% YoY rise in standalone net profit to Rs.15,489 crore for Q2 FY27, compared with Rs.9,848 crore in the corresponding quarter last year. Standalone gross revenue grew 32.8% to Rs.43,875 crore. On a consolidated basis, net profit increased 46.9% to Rs.18,535 crore.
The company’s board declared an interim dividend of Rs.8 per equity share, representing a 160% payout on the face value of Rs.5 per share. ONGC also announced that two major development projects worth Rs.11,800 crore had been awarded in the Western Offshore region to support future production. The company further reported two new hydrocarbon discoveries during the quarter.
The results and project announcements highlight the company’s focus on production development and exploration. Investors will continue to monitor production volumes, project execution and crude oil price movements for their impact on future performance.
Source: ONGC – Official Q2 FY27 Results and Dividend Announcement.
