Oil and Natural Gas Corporation (ONGC) delivered a strong Q1 FY27 performance, with standalone net profit jumping 112% YoY to Rs. 17,034 cr. Revenue from operations increased 45.2% YoY to Rs. 46,460 cr. during the quarter. The company also reported its highest-ever quarterly profit before tax of Rs. 22,848 cr.
The sharp improvement was supported by higher crude and gas realisations. ONGC also highlighted a capital-investment programme of more than Rs. 40,000 cr. focused particularly on its western offshore assets to unlock additional production. The strong earnings provide greater financial flexibility as the company continues investing in domestic exploration and production capacity.
