Oil and Natural Gas Corporation Ltd
The Board has approved the Unaudited Financial Results for the quarter ended 30.06.2026
RESULTS
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 04 Aug 2026, 08:07 PM IST · BSE ID: 69edc03a-5318-479d-832d-fb5e692d9ae3
View Original BSE Filing (PDF)
💡
In Simple Terms
ONGC's board approved its financial report, showing a net profit of ₹ 17,033.81 Crore for the latest quarter.
🤖 AI Summary
- ONGC's Board approved unaudited standalone and consolidated financial results for Q1 FY27.
- Standalone net profit for the quarter ended June 30, 2026, was ₹ 17,033.81 Crore.
- Revenue from operations stood at ₹ 46,460.45 Crore for the quarter.
- Total expenses for the quarter ended June 30, 2026, amounted to ₹ 25,473.63 Crore.
- Company reported ₹ 10,000 million in unsecured Non-Convertible Debentures as of June 30, 2026.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Revenue from operations
46,460.45 Crore
Other income
1,861.20 Crore
Total income
48,321.65 Crore
Total expenses
25,473.63 Crore
Profit before tax
22,848.02 Crore
Total tax expense
5,814.21 Crore
Profit for the period (Net Profit)
17,033.81 Crore
Unsecured Non-Convertible Debentures (NCDs)
10,000 million
🏢 How This Affects the Company
The company's net profit of ₹ 17,033.81 Crore for Q1 FY27 reflects its current profitability. The presence of ₹ 10,000 million in unsecured NCDs indicates existing debt obligations.
The ongoing arbitration tribunal award for PMT JV and various disputed tax demands amounting to ₹ 15,365 Crore and ₹ 9,134 Crore respectively are noted as contingent liabilities, indicating potential future financial outflows. The dispute regarding the CB-OS/2 offshore oil and gas block, where ONGC has taken control but litigation is ongoing, presents an operational and financial uncertainty.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders based on this financial results disclosure.
👤
Who Is Affected
All shareholders are affected by the company's financial performance, specifically the reported standalone net profit of ₹ 17,033.81 Crore for the quarter.
🔍
Management Signal
The approval of results indicates management's adherence to regulatory disclosure requirements and its transparency regarding the company's financial status.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q2 FY27 financial results – observe revenue and profit trends.
Updates on the PMT JV arbitration tribunal award outcome.
Progress and resolution regarding the CB-OS/2 offshore block litigation.
MEDIUM RISK
Significant contingent liabilities from arbitration and tax disputes, alongside ongoing litigation, pose financial and operational uncertainties.
💡 Investor Takeaway
ONGC reported standalone net profit of ₹ 17,033.81 Crore for Q1 FY27, a 112.3% increase from the prior comparable period. Revenue from operations for the quarter ended June 30, 2026, was ₹ 46,460.45 Crore.
⚖️ Strengths & Concerns
✅ Positives
- Standalone net profit for Q1 FY27 reached ₹ 17,033.81 Crore, demonstrating significant profitability for the period.
- Revenue from operations for the quarter ended June 30, 2026, was ₹ 46,460.45 Crore, indicating strong top-line performance.
⚠️ Concerns
- Contingent liability related to PMT JV arbitration is USD 1,624.05 million (₹ 15,365 Crore) as of June 30, 2026.
- Disputed Service Tax/GST on royalty, penalties, and JV share not paid by partners total ₹ 9,134 Crore as contingent liabilities.
📅 Company Track Record
ONGC's Q1 FY27 standalone net profit surged 112.3% to ₹ 17,034 crore, as per a previous filing on August 4, 2026. This indicates a notable increase in profitability compared to the prior comparable period.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Oil and Natural Gas Corporation Ltd's standalone net profit for Q1 FY27?
Oil and Natural Gas Corporation Ltd reported a standalone net profit of ₹ 17,033.81 Crore for the quarter ended June 30, 2026.
What was the revenue from operations for ONGC in Q1 FY27?
ONGC's revenue from operations for the quarter ended June 30, 2026, was ₹ 46,460.45 Crore.
What is the value of unsecured Non-Convertible Debentures held by ONGC?
As of June 30, 2026, Oil and Natural Gas Corporation Ltd had ₹ 10,000 million in unsecured Non-Convertible Debentures.
What is the contingent liability related to the PMT JV arbitration for ONGC?
The contingent liability for ONGC related to the PMT JV arbitration tribunal award is USD 1,624.05 million, equivalent to ₹ 15,365 Crore as on June 30, 2026.
What is the status of the CB-OS/2 offshore oil and gas block dispute?
The Delhi High Court dismissed Vedanta Limited's petition, upholding the refusal to extend the production sharing contract. ONGC took effective control of the block on July 22, 2026, although Vedanta Limited has challenged this order, and the matter is under adjudication.
Questions based on this BSE filing only. For information purposes.