State-owned Oil and Natural Gas Corporation (ONGC) on Thursday reported a 57 per cent year-on-year increase in net profit for the September quarter, driven by higher oil and gas realisations despite largely flat production.
Net profit of Rs 15,488.64 crore in July-September – the second quarter of the current 2026-27 fiscal year – compared with Rs 9,847.97 crore earnings in the same period a year back, according to a stock exchange filing by the company.
The profit was, however, lower than Rs 17,033.81 crore in the preceding April-June quarter.
Revenue from operations rose to Rs 43,875.15 crore in the second quarter from Rs 33,030.56 crore a year back.
For the first half, ONGC reported a net profit of Rs 32,522.45 crore, almost double the Rs 17,872.20 crore of April-June 2025. The profit was almost equal to the Rs 32,894.02 crore profit the company earned in the full 2025-26 fiscal (April 2025 to March 2026).