The company’s revenue from operations in Q4FY26 was up 4% to Rs 1,73,805 crore versus Rs 1,67,749 crore posted by the company in the corresponding quarter of the previous financial year.
The PAT grew 8% sequentially compared to Rs 10,016 crore in Q3FY26 while the topline also rose nearly 4% versus Rs 167,423 crore in the October-December quarter of FY26.
The state-run explorer’s board of directors recommended a final dividend of Re 1 per equity share for the financial year 2025-26.
The board has accorded an in-principle approval for formation of a 50:50 joint venture company with Gujarat Maritime Board (GMB) to develop a 5 MMTPA liquid port at Dahej Gujarat, pending investment approvals by the Joint Venture Partners and approval of DIPAM, Govt of India.
The company posted a standalone net profit of Rs 6,650 crore during Q4FY26, and Rs 32,894 crore for FY26.
The company’s filing said the subsidiaries HPCL, MRPL, OVL and OPaL delivered “remarkable” improvement in performance.Total dividend for FY26 stood at Rs 13.25 per share with a payout ratio of 51%. The technical Service Provider (TSP-2) contract awarded to cover entire Western Offshore after encouraging results of TSP-1 in MH field.
ONGC said projects worth Rs 33,075 crore under progress in Western offshore, highest in recent times. In FY26, new well gas constitutes 17% of production and 21% of revenue from ONGC nomination gas portfolio.
Performance highlights of ONGC Group companies
ONGC Videsh
The company has achieved a turnover of Rs 8,443 crore during FY’26 against the turnover of Rs 9,160 crore (excluding trading activities) during FY’25. This was mainly due to lower realized crude oil price of USD 60.09/bbl in FY’26 as against USD 70.23/bbl in FY’25. The Company registered a PAT of Rs 1,152 crore in FY’26, as against a PAT of Rs 428 crore in FY’25.
HPCL
The combined GRM for HPCL Refineries for FY2025-26 is US$ 8.79/bbl compared to $5.74/bbl in the corresponding previous year. HPCL reported Revenue from Operations of Rs 4,78,543 crore for FY 2026-25 as against Rs 4,66,346 crore last year, growth of 2.6%. The standalone PAT is Rs 17,175 crore as
against Rs 7,365 crore last year. For the year 2025-26, HPCL has proposed a final dividend of Rs 19.25 per share in addition to interim dividend of Rs 5 per share.
Mangalore Refinery and Petrochemicals (MRPL)
MRPL has posted net profit of Rs 1,931 crore in FY’26 as against profit after tax of Rs 51 crore in FY’25. MRPL has achieved revenue from operations of Rs 1,05,155 crore during FY’26 as against Rs 1,09,280 crore during FY’25 as the capacity utilization achieved for Current financial year (FY’26) was 113% as compared to 121% during previous financial year.
The GRM for FY 2025-26 is US$ 9.22/bbl compared to US$ 4.45/bbl in the corresponding previous year.
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