Oil and Natural

ONGC reported a 23% YoYCurrent reported value: 23% YoY. No comparable prior figure is available in the source record. rise in consolidated net profit to ₹11,946 croreCurrent reported value: ₹11,946 crore. No comparable prior figure is available in the source record. in Q3 FY26, driven by higher gas revenue, lower statutory levies, and improved subsidiary performance, despite a 12% dropCurrent reported value: 12% drop. No comparable prior figure is available in the source record. in crude oil realizations to $61.63/bbl. Standalone PAT grew 1.6% YoY to ₹8,372 crore. Key operational highlights include the near-completion of KG-DWN-98/2 subsea infrastructure, with first gas expected from April 2026 and ramp-up to 5-6 mmscmd by FY27-end. The Dan-Upside project is on track for first gas in March 2026, adding 4-5 mmscmd. Mumbai High decline has been arrested with BP's technical support, showing early production gains. Management guided for FY27 standalone production of 42.5 million metric tonnesCurrent reported value: 42.5 million metric tonnes. No comparable prior figure is available in the source record. of oil and gas equivalent, with capex of ₹32,000-33,000 crore. A second interim dividend of ₹6.25/share was declared, bringing cumulative interim dividends to a record ₹15,411 crore. Risk: KG basin ramp-up delays could disappoint if commissioning slips.