What was ONGC's standalone profit for the quarter ended June 30, and how does it compare year-on-year?

ONGC's standalone profit for the quarter ended June 30 was 170.34 billion rupees ($1.79 billion), more than double the 80.24 billion rupees reported a year earlier.

How did rising crude prices affect ONGC's financial performance in the first quarter?

Rising crude prices significantly boosted ONGC's performance: average Brent crude prices rose about 45% year-on-year, and ONGC's crude oil price realisation increased 50.4% to $99.45 per barrel (from $66.13 per barrel a year ago), driving its net profit margin up to 36.66% from 25.07% and revenue from operations up 45.2% to 464.60 billion rupees despite a 3.4% drop in production.

India's ONGC posts profit jump as crude price surge boosts margins

Aug 4, 2026

India's ONGC reported a first-quarter profit exceeding $1.79 billion, more than doubling year-on-year as crude oil realizations surged 50% to nearly $100 per barrel. Net profit margins improved to 36.66% despite a minor production decline.

reuters

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