Oil and Natural Gas Corporation (ONGC), India's largest oil and gas producer, reported a standalone net profit of Rs 15,488.64 crore for the quarter ended September 30, 2026 (Q2 FY27), up 57.3% from Rs 9,847.97 crore in the same quarter last year, the company said after its board meeting on Thursday, November 5. Standalone revenue from operations rose 32.8% year on year to Rs 43,875 crore, TaxGuru and ScanX reported from the company's exchange filing.

Source: TaxGuru (ONGC filing)

On a consolidated basis, net profit rose 46.9% to Rs 18,535 crore (Rs 18,534.82 crore), against Rs 12,614.60 crore a year earlier, the reports said. The board approved the unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026 at its meeting on November 5.

Source: ScanX (ONGC filing)

Rs 15,488.64 croreStandalone net profit, Q2 FY27, up 57.3% year on year
Rs 43,875 croreStandalone revenue, up 32.8% year on year
Rs 18,535 croreConsolidated net profit, up 46.9%
Rs 8 per shareFirst interim dividend (160%); total payout Rs 10,064 crore; record date November 12, 2026

The board declared a first interim dividend of Rs 8 per equity share of face value Rs 5 each — 160% — for FY27, amounting to a total payout of Rs 10,064 crore, described in the company's announcement as its highest-ever interim dividend. The record date for determining eligible shareholders is November 12, 2026, and the dividend is to be paid within 30 days of declaration, ScanX reported.

Source: ScanX (ONGC filing)

Operationally, ONGC said it has awarded two major development projects in the Western Offshore region with a combined investment of about Rs 11,800 crore, expected to unlock an estimated 22 MMTOE of hydrocarbon potential, and notified two new hydrocarbon discoveries during the quarter, TaxGuru reported. The company also noted production challenges from reservoir behaviour and monsoon-related operations, and said it has engaged bp as a technical service provider to enhance output from mature fields.

Source: TaxGuru (ONGC filing)

What happens next: shareholders on the register on the November 12 record date will receive the Rs 8-a-share interim dividend within 30 days, and attention turns to whether the stronger realisations that lifted the September quarter hold in the December quarter.

Source: ScanX (ONGC filing)