Ongc

ONGC reported a strong Q3 FY26 with consolidated PAT of INR 11,946 croreCurrent reported value: INR 11,946 crore. No comparable prior figure is available in the source record., up 23% YoYCurrent reported value: 23% YoY. No comparable prior figure is available in the source record., driven by higher gas revenue and lower statutory levies despite a decline in crude oil prices to $61.63/bbl. Standalone PAT rose 1.6% to INR 8,372 crore. Key operational highlights include the near-completion of the KG-DWN-98/2 project, with first gas expected in Q1 FY27 and ramp-up to 5-6 MMSCMDCurrent 5-6 MMSCMD. Reported change: from ~2 MMSCMD currently. by year-end. The Daman Upside project is on track for first gas in March 2026, adding 4-5 MMSCMDCurrent 4-5 MMSCMD. Reported change: new contribution.. The BP TSP contract has already shown positive results in Mumbai High, arresting decline. Management guided for FY27 production of 42.5 million tonnesCurrent reported value: 42.5 million tonnes. No comparable prior figure is available in the source record. (oil & gas equivalent) and CapEx of INR 32,000-33,000 crore. A second interim dividend of INR 6.25/share was declared, bringing cumulative interim dividends to a record INR 15,411 croreCurrent reported value: INR 15,411 crore. No comparable prior figure is available in the source record.. Risk: Sustained low crude prices could pressure upstream margins and delay project economics.