Oil & Natural Gas Corporation Ltd. Q1 FY2027 results: revenue ₹2,04,987 crore, up 25.7% on the year
Oil & Natural Gas Corporation Ltd. (ONGC) reported consolidated revenue from operations of ₹2,04,987 crore for Q1 FY2027, the quarter ended 30 June 2026, up 25.7% on the same quarter a year earlier. Profit after tax was ₹6,554 crore, down 43.3% on the year, and earnings per share ₹9.46. The figures are the company's own, from the un-audited results it filed with NSE on 4 August 2026.
The quarter, against the one before and a year earlier
| Line | Q1 FY2027 | Q4 FY2026 | Q1 FY2026 | Change on the year |
|---|---|---|---|---|
| Revenue from operations | 2,04,987 | 1,73,805 | 1,63,108 | +25.7% |
| Other income | 2,789 | 3,368 | 2,573 | +8.4% |
| Total income | 2,07,776 | 1,77,173 | 1,65,681 | +25.4% |
| Cost of materials consumed | 87,761 | 53,081 | 45,790 | +91.7% |
| Purchases of stock-in-trade | 72,327 | 53,696 | 53,079 | +36.3% |
| Changes in inventories | -5,125 | -5,081 | 3,093 | n/a |
| Employee benefit expense | 1,660 | 1,813 | 1,888 | -12.1% |
| Finance costs | 2,854 | 3,070 | 3,341 | -14.6% |
| Depreciation, depletion and amortisation | 9,477 | 9,345 | 9,384 | +1.0% |
| Other expenses | 14,111 | 18,396 | 12,140 | +16.2% |
| Total expenses | 2,01,833 | 1,60,864 | 1,49,926 | +34.6% |
| Profit before exceptional items and tax | 5,943 | 16,309 | 15,755 | -62.3% |
| Exceptional items | 472 | -462 | -19 | n/a |
| Profit before tax | 6,415 | 15,847 | 15,736 | -59.2% |
| Current tax | 6,447 | 4,987 | 4,163 | +54.9% |
| Deferred tax | -5,989 | -25 | -209 | n/a |
| Total tax | 458 | 4,962 | 3,954 | -88.4% |
| Profit after tax | 6,554 | 13,678 | 11,554 | -43.3% |
| Attributable to owners of the parent | 11,899 | 10,820 | 9,804 | +21.4% |
| Other comprehensive income | 1,989 | -5,573 | 4,331 | -54.1% |
| Total comprehensive income | 8,543 | 8,105 | 15,886 | -46.2% |
| EPS, basic | ₹9.46 | ₹8.60 | ₹7.79 | +21.4% |
| EPS, diluted | ₹9.46 | ₹8.60 | ₹7.79 | +21.4% |
₹ crore except per share.
Leverage, as the company states it
| Line | Q1 FY2027 | Q4 FY2026 | Q1 FY2026 | Change on the year |
|---|---|---|---|---|
| Debt to equity | 0.39 | 0.35 | 0.00 | |
| Debt service coverage | 1.41 | 1.00 | 0.04 | |
| Interest service coverage | 4.69 | 10.31 | 0.09 |
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, Q1 FY2027
| Segment | Revenue ₹ crore | Share of segment revenue | Result ₹ crore | Result over revenue |
|---|---|---|---|---|
| A. (i) (a) In India - E&P - Offshore | 33,337 | 13.9% | 19,298 | 57.9% |
| A. (i) (b) In India - E&P - Onshore | 13,073 | 5.4% | 4,078 | 31.2% |
| A. (ii) In India - Refining & Marketing | 1,86,884 | 77.7% | -16,155 | -8.6% |
| A. (iii) In India - Petrochemicals | 3,858 | 1.6% | -454 | -11.8% |
| B. Outside India | 3,346 | 1.4% | 1,033 | 30.9% |
| C. Others Unallocated | 147 | 0.1% | 598 | 405.9% |
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 30 June 2026, filed with NSE on 4 August 2026: the result statement. All of Oil & Natural Gas Corporation Ltd.'s results: NSE company page.
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