Oil & Natural Gas Corporation Ltd. Q3 FY2026 results: revenue ₹1,67,423 crore, up 0.8% on the year
Oil & Natural Gas Corporation Ltd. (ONGC) reported consolidated revenue from operations of ₹1,67,423 crore for Q3 FY2026, the quarter ended 31 December 2025, up 0.8% on the same quarter a year earlier. Profit after tax was ₹11,946 crore, up 22.1% on the year, and earnings per share ₹7.96. The figures are the company's own, from the un-audited results it filed with NSE on 12 February 2026.
The quarter, against the one before and a year earlier
| Line | Q3 FY2026 | Q2 FY2026 | Q3 FY2025 | Change on the year |
|---|---|---|---|---|
| Revenue from operations | 1,67,423 | 1,57,911 | 1,66,097 | +0.8% |
| Other income | 3,308 | 3,108 | 2,411 | +37.2% |
| Total income | 1,70,730 | 1,61,019 | 1,68,508 | +1.3% |
| Cost of materials consumed | 49,575 | 50,778 | 49,182 | +0.8% |
| Purchases of stock-in-trade | 51,978 | 47,592 | 51,950 | +0.1% |
| Changes in inventories | 2,355 | -3,602 | 3,631 | -35.1% |
| Employee benefit expense | 1,841 | 1,779 | 1,918 | -4.0% |
| Finance costs | 3,207 | 3,411 | 3,670 | -12.6% |
| Depreciation, depletion and amortisation | 9,388 | 9,273 | 9,497 | -1.1% |
| Other expenses | 13,534 | 14,093 | 34,773 | -61.1% |
| Total expenses | 1,54,683 | 1,44,074 | 1,54,621 | +0.0% |
| Profit before exceptional items and tax | 16,048 | 16,945 | 13,887 | +15.6% |
| Exceptional items | 45 | 0 | 0 | n/a |
| Profit before tax | 16,093 | 16,945 | 13,887 | +15.9% |
| Current tax | 4,738 | 4,914 | 4,184 | +13.2% |
| Deferred tax | -494 | -244 | -445 | n/a |
| Total tax | 4,244 | 4,670 | 3,739 | +13.5% |
| Profit after tax | 11,946 | 12,615 | 9,784 | +22.1% |
| Attributable to owners of the parent | 10,016 | 10,785 | 8,622 | +16.2% |
| Other comprehensive income | 3,789 | 1,015 | -9,621 | n/a |
| Total comprehensive income | 15,736 | 13,630 | 162 | +9601.4% |
| EPS, basic | ₹7.96 | ₹8.58 | ₹6.85 | +16.2% |
| EPS, diluted | ₹7.96 | ₹8.58 | ₹6.85 | +16.2% |
₹ crore except per share.
Leverage, as the company states it
| Line | Q3 FY2026 | Q2 FY2026 | Q3 FY2025 | Change on the year |
|---|---|---|---|---|
| Debt to equity | 0.34 | 0.36 | 0.00 | |
| Debt service coverage | 0.90 | 2.10 | 0.01 | |
| Interest service coverage | 10.07 | 9.94 | 0.08 |
Debt to equity, debt service coverage and interest service coverage are the figures the company prints in its result statement under the listing regulations.
Segments, Q3 FY2026
| Segment | Revenue ₹ crore | Share of segment revenue | Result ₹ crore | Result over revenue |
|---|---|---|---|---|
| A. (i) (a) In India - E&P - Offshore | 22,081 | 11.6% | 8,385 | 38.0% |
| A. (i) (b) In India - E&P - Onshore | 9,372 | 4.9% | 1,206 | 12.9% |
| A. (ii) In India - Refining & Marketing | 1,54,395 | 80.9% | 7,299 | 4.7% |
| A. (iii) In India - Petrochemicals | 3,045 | 1.6% | -284 | -9.3% |
| B. Outside India | 1,796 | 0.9% | 370 | 20.6% |
| C. Others Unallocated | 85 | 0.0% | 97 | 114.8% |
Segment revenue and segment result as the company filed them, before inter-segment eliminations; share and result over revenue are arithmetic on those.
Quarterly results, the last 12 quarters
| Q2 FY2024 | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,46,874 | 1,65,569 | 1,66,771 | 1,66,577 | 1,58,329 | 1,66,097 | 1,70,812 | 1,63,108 | 1,57,911 | 1,67,423 | 1,73,805 | 2,04,987 |
| Expenses | 1,27,920 | 1,55,183 | 1,54,091 | 1,55,796 | 1,49,780 | 1,54,621 | 1,61,271 | 1,49,926 | 1,44,074 | 1,54,683 | 1,60,864 | 2,01,833 |
| Operating profit | 28,255 | 20,024 | 23,225 | 21,794 | 20,507 | 24,643 | 22,085 | 25,907 | 26,521 | 25,335 | 25,356 | 15,485 |
| OPM % | 19% | 12% | 14% | 13% | 13% | 15% | 13% | 16% | 17% | 15% | 15% | 8% |
| Other income | 2,515 | 4,059 | 3,105 | 2,986 | 4,163 | 2,411 | 2,977 | 2,573 | 3,108 | 3,308 | 3,368 | 2,789 |
| Interest | 2,603 | 2,544 | 2,683 | 2,938 | 3,749 | 3,670 | 3,500 | 3,341 | 3,411 | 3,207 | 3,070 | 2,854 |
| Depreciation | 6,698 | 7,094 | 7,863 | 8,075 | 8,209 | 9,497 | 9,043 | 9,384 | 9,273 | 9,388 | 9,345 | 9,477 |
| Exceptional items | 96 | 1 | -1,733 | 0 | 0 | 0 | -151 | -19 | 0 | 45 | -462 | 472 |
| Profit before tax | 21,565 | 14,446 | 14,051 | 13,766 | 12,712 | 13,887 | 12,367 | 15,736 | 16,945 | 16,093 | 15,847 | 6,415 |
| Tax % | 26% | 26% | 26% | 27% | 22% | 27% | 34% | 25% | 28% | 26% | 31% | 7% |
| Net profit | 16,553 | 10,748 | 11,527 | 10,236 | 9,878 | 9,784 | 8,856 | 11,554 | 12,615 | 11,946 | 13,678 | 6,554 |
| EPS in ₹ | ₹10.92 | ₹8.23 | ₹8.03 | ₹7.90 | ₹8.17 | ₹6.85 | ₹5.82 | ₹7.79 | ₹8.58 | ₹7.96 | ₹8.60 | ₹9.46 |
| Filing | NSE | NSE | NSE | NSE | NSE | NSE | Filing | Filing | Filing | Filing | Filing | Filing |
₹ crore except per share, consolidated, as filed with the exchange. Operating profit is sales less the expenses other than interest and depreciation, OPM is that over sales, and tax % is tax over profit before tax: arithmetic on the filed lines; everything else is as filed. Quarters before December 2024 are from the exchange's earlier results feed, which carries the filed lines without the filing itself; the column links to the exchange's page for the company.
Source
Un-audited consolidated results for the quarter ended 31 December 2025, filed with NSE on 12 February 2026: the result statement. All of Oil & Natural Gas Corporation Ltd.'s results: NSE company page.
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