Oil and Natural Gas Corporation Ltd
ONGC Board Approves Q2 FY27 Results, ₹8 Interim Dividend, ₹10,000 Crore Loan
RESULTS
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 05 Nov 2026, 05:36 PM IST · BSE ID: 9e6fe12c-53c5-49f9-a558-36a446dae924
View Original BSE Filing (PDF)
💡
In Simple Terms
ONGC's board approved its latest financial results, declared a ₹8 per share dividend, and authorized a ₹10,000 Crore loan to its subsidiary.
🤖 AI Summary
- ONGC's Board approved standalone and consolidated unaudited financial results for Q2 FY27 and H1 FY27.
- First interim dividend declared at ₹8 per equity share (@160%) for Financial Year 2026-27.
- November 12, 2026, fixed as the record date for determining interim dividend eligibility; payment within 30 days.
- Approval granted for an inter-corporate loan to ONGC Videsh Limited, not exceeding ₹10,000 Crore.
- Company reports ₹1,000 Crore unsecured Non-Convertible Debentures outstanding as of September 30, 2026.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Interim Dividend Rate (per equity share)
₹8
Interim Dividend Rate (%)
160%
Inter-corporate Loan Limit (to ONGC Videsh)
₹10,000 Crore
Unsecured NCDs Outstanding (as on Sep 30, 2026)
₹1,000 Crore
PMT JV Contingent Liability (as on Sep 30, 2026)
USD 1,624.05 million (₹15,583 Crore)
Disputed Service Tax/GST Demand (as on Sep 30, 2026)
₹2,213 Crore
🏢 How This Affects the Company
The approval of an inter-corporate loan of up to ₹10,000 Crore to ONGC Videsh Limited indicates continued support for its wholly-owned subsidiary's operations and expansion, which could impact the broader business footprint.
The declaration of an interim dividend will result in a cash outflow from the company. The approved inter-corporate loan to ONGC Videsh Limited represents a significant intra-group financial commitment.
The company assumed effective control of the CB-OS/2 offshore oil and gas block from July 22, 2026, following a Delhi High Court order. This involves carrying out operations for the block under a nomination regime.
Several contingent liabilities and disputed matters are highlighted, including a demand of USD 1,624.05 million (₹15,583 Crore) related to the PMT JV and disputed Service Tax/GST demands of ₹2,213 Crore. The ongoing litigation regarding the CB-OS/2 block also presents an unresolved outcome.
👥 What This Means For Shareholders
✅
Action Required
Shareholders must ensure their shares are held by the record date, November 12, 2026, to be eligible for the 1st interim dividend.
👤
Who Is Affected
All equity shareholders holding shares of face value ₹5/- each are affected; eligible shareholders will receive ₹8 per equity share as interim dividend for FY27.
🔍
Management Signal
The dividend declaration signals management's confidence in the company's financial position and commitment to shareholder returns, while the subsidiary loan indicates continued strategic investment.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List - track these upcoming events
Q3 FY27 results — evaluate consolidated financial performance.
Dividend payment — confirm distribution within 30 days of declaration.
Audit Committee reconstitution — monitor for compliance with governance standards.
MEDIUM RISK
Significant contingent liabilities related to PMT JV and tax disputes, and Audit Committee non-reconstitution, introduce governance and financial risks.
💡 Investor Takeaway
ONGC's Board approved Q2 FY27 results and declared an interim dividend of ₹8 per equity share (@160%) for FY27. An inter-corporate loan of up to ₹10,000 Crore was approved for ONGC Videsh. Contingent liabilities of ₹15,583 Crore (PMT JV) and ₹2,213 Crore (tax) are noted.
⚖️ Strengths & Concerns
✅ Positives
- Declaration of a 1st interim dividend of ₹8 per equity share, equivalent to 160% of face value, for FY27.
- Board's approval for an inter-corporate loan of up to ₹10,000 Crore to ONGC Videsh Limited, supporting subsidiary's financial needs.
⚠️ Concerns
- Note 1 indicates the Audit Committee could not be reconstituted by November 05, 2026, impacting standard governance procedures for result review.
- Contingent liability of USD 1,624.05 million (₹15,583 Crore) for the PMT JV arbitration and disputed tax demands of ₹2,213 Crore remain unresolved.
📅 Company Track Record
ONGC has previously declared strong results, with Q1 FY27 standalone net profit surging 112.3% to ₹17,034 Crore. Prior Q2 FY27 standalone net profit rose 57.3% to ₹15,489 Crore, alongside a 160% interim dividend.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What is the interim dividend declared by ONGC for FY27?
ONGC has declared a first interim dividend of ₹8 per equity share of face value ₹5/- each, representing 160% for the Financial Year 2026-27.
When is the record date for ONGC's Q2 FY27 interim dividend?
Thursday, November 12, 2026, has been fixed as the record date for determining eligibility for the 1st interim dividend for FY27.
What is the approved inter-corporate loan for ONGC Videsh Limited?
The Board has approved an inter-corporate loan to ONGC Videsh Limited not exceeding ₹10,000 Crore, valid for 5 years.
What contingent liabilities did ONGC disclose for the period ended September 30, 2026?
ONGC disclosed a contingent liability of USD 1,624.05 million (₹15,583 Crore) for the PMT JV arbitration and disputed Service Tax/GST demands of ₹2,213 Crore.
What was the status of ONGC's unsecured Non-Convertible Debentures (NCDs) as of September 30, 2026?
As of September 30, 2026, ONGC had ₹1,000 Crore unsecured Non-Convertible Debentures (NCDs) outstanding.
Questions based on this BSE filing only. For information purposes.