ONGC Q2 FY27 results at a glance
OIL AND NATURAL GAS CORP. Q2 FY27 key results metrics| Quarter | Q2 FY27 |
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| Quarter ended | 30 Sept 2026 |
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| Revenue | ₹1,98,263 cr |
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| Revenue YoY | +25.6% |
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| Operating profit | ₹25,399 cr |
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| Operating margin | 12.8% |
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| Net profit | ₹18,535 cr |
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| Net profit YoY | +71.9% |
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| Net profit QoQ | +55.8% |
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| Net margin | 9.3% |
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| Basic EPS | ₹13.31 |
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| TTM revenue | ₹7,44,479 cr |
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| TTM net profit | ₹51,269 cr |
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| TTM net margin | 6.9% |
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ONGC Q2 FY27 results: what the numbers say
OIL AND NATURAL GAS CORP. (ONGC) has reported its Q2 FY27 results for the quarter ended 2026-09-30. The company posted revenue of ₹1,98,263 cr and a net profit of ₹18,535 cr, translating into earnings per share of ₹13.31.
Compared with the same quarter a year earlier, revenue grew strongly by +25.6% and net profit grew sharply by +71.9%. Profit rising faster than revenue points to better cost control or operating leverage flowing through the P&L.
Operating profit for the quarter stood at ₹25,399 cr, an operating margin of 12.8% versus 20.5% a year ago — a contraction of 7.7 percentage points.
ONGC quarter-wise results table
Revenue
₹1,98,263 cr
+25.6% YoY
Net profit
₹18,535 cr
+71.9% YoY
Operating profit
₹25,399 cr
-21.7% YoY
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OIL AND NATURAL GAS CORP. (ONGC) quarter-wise results — revenue, operating profit, net profit, margins, EPS and growth| Quarter | Revenue | Operating profit | Net profit | OPM | Net margin | EPS | Profit YoY | Profit QoQ |
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| Q2 FY272026-09-30 | ₹1,98,263 cr | ₹25,399 cr | ₹18,535 cr | 12.8% | 9.3% | ₹13.31 | +71.9% | +55.8% |
| Q1 FY272026-06-30 | ₹2,04,987 cr | ₹21,227 cr | ₹11,899 cr | 10.4% | 5.8% | ₹9.46 | +21.4% | +10.0% |
| Q4 FY262026-03-31 | ₹1,73,805 cr | ₹39,643 cr | ₹10,820 cr | 22.8% | 6.2% | ₹8.60 | — | +8.0% |
| Q3 FY262025-12-31 | ₹1,67,423 cr | ₹31,538 cr | ₹10,016 cr | 18.8% | 6.0% | ₹7.96 | — | -7.1% |
| Q2 FY262025-09-30 | ₹1,57,911 cr | ₹32,445 cr | ₹10,785 cr | 20.5% | 6.8% | ₹8.58 | — | +10.0% |
| Q1 FY262025-06-30 | ₹1,63,106 cr | ₹30,443 cr | ₹9,804 cr | 18.7% | 6.0% | ₹7.79 | — | — |
| TTM (last 4 quarters) | ₹7,44,479 cr | ₹1,17,807 cr | ₹51,269 cr | 15.8% | 6.9% | ₹39.33 | — | — |
Consolidated figures as reported to the exchanges, shown in ₹ crore. OPM = operating profit margin. Updated automatically whenever a new quarter is filed.
ONGC quarterly income statement
Line-item results for the last six quarters as filed — sales, expenses, operating profit, interest, tax and profit after tax in ₹ crore.
OIL AND NATURAL GAS CORP. quarterly income statement| Particulars | Q2 FY272026-09-30 | Q1 FY272026-06-30 | Q4 FY262026-03-31 | Q3 FY262025-12-31 | Q2 FY262025-09-30 | Q1 FY262025-06-30 |
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| Revenue / Sales | ₹1,98,263 cr | ₹2,04,987 cr | ₹1,73,805 cr | ₹1,67,423 cr | ₹1,57,911 cr | ₹1,63,106 cr |
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| Total expenses | ₹1,76,276 cr | ₹1,83,761 cr | ₹1,34,163 cr | ₹1,35,885 cr | ₹1,25,466 cr | ₹1,32,663 cr |
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| Gross profit | — | ₹40,547 cr | ₹62,764 cr | ₹54,126 cr | ₹53,870 cr | ₹51,759 cr |
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| Operating profit (EBIT) | ₹25,399 cr | ₹21,227 cr | ₹39,643 cr | ₹31,538 cr | ₹32,445 cr | ₹30,443 cr |
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| Operating margin | 12.8% | 10.4% | 22.8% | 18.8% | 20.5% | 18.7% |
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| Interest cost | ₹3,411 cr | ₹2,854 cr | ₹3,070 cr | ₹3,207 cr | ₹3,411 cr | ₹3,341 cr |
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| Profit before tax | ₹25,064 cr | ₹7,012 cr | ₹18,640 cr | ₹16,190 cr | ₹17,284 cr | ₹15,509 cr |
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| Tax expense | ₹8,547 cr | ₹458 cr | ₹4,962 cr | ₹4,244 cr | ₹4,670 cr | ₹3,954 cr |
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| Effective tax rate | 34.1% | 6.5% | 26.6% | 26.2% | 27.0% | 25.5% |
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| Net profit (PAT) | ₹18,535 cr | ₹11,899 cr | ₹10,820 cr | ₹10,016 cr | ₹10,785 cr | ₹9,804 cr |
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| Net profit margin | 9.3% | 5.8% | 6.2% | 6.0% | 6.8% | 6.0% |
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| Basic EPS | ₹13.31 | ₹9.46 | ₹8.60 | ₹7.96 | ₹8.58 | ₹7.79 |
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| Diluted EPS | — | ₹9.46 | ₹8.60 | ₹7.96 | ₹8.58 | ₹7.79 |
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ONGC results growth — YoY and QoQ
Quarterly growth rates, year on year and quarter on quarter| Growth | Q2 FY27 | Q1 FY27 | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 |
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| Revenue YoY | +25.6% | +25.7% | — | — | — | — |
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| Revenue QoQ | -3.3% | +17.9% | +3.8% | +6.0% | -3.2% | — |
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| Operating profit YoY | -21.7% | -30.3% | — | — | — | — |
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| Operating profit QoQ | +19.7% | -46.5% | +25.7% | -2.8% | +6.6% | — |
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| Net profit YoY | +71.9% | +21.4% | — | — | — | — |
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| Net profit QoQ | +55.8% | +10.0% | +8.0% | -7.1% | +10.0% | — |
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| EPS YoY | +55.1% | +21.4% | — | — | — | — |
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| EPS QoQ | +40.7% | +10.0% | +8.0% | -7.2% | +10.1% | — |
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ONGC annual results history
Full-year performance for OIL AND NATURAL GAS CORP., useful for reading each quarter in context.
OIL AND NATURAL GAS CORP. annual income statement| Particulars | FY262026-03-31 | FY252025-03-31 | FY242024-03-31 | FY232023-03-31 |
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| Revenue / Sales | ₹6,05,276 cr | ₹6,08,953 cr | ₹5,98,644 cr | ₹6,29,510 cr |
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| Total expenses | ₹5,23,449 cr | ₹5,45,335 cr | ₹5,21,599 cr | ₹5,62,196 cr |
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| Gross profit | ₹1,47,173 cr | ₹1,28,726 cr | ₹1,39,997 cr | ₹1,22,263 cr |
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| Operating profit (EBIT) | ₹81,828 cr | ₹63,618 cr | ₹77,045 cr | ₹67,314 cr |
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| Operating margin | 13.5% | 10.4% | 12.9% | 10.7% |
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| Interest cost | ₹10,723 cr | ₹12,291 cr | ₹11,742 cr | ₹7,035 cr |
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| Profit before tax | ₹67,623 cr | ₹52,398 cr | ₹73,629 cr | ₹44,746 cr |
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| Tax expense | ₹17,830 cr | ₹14,069 cr | ₹18,356 cr | ₹10,700 cr |
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| Effective tax rate | 26.4% | 26.9% | 24.9% | 23.9% |
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| Net profit (PAT) | ₹41,424 cr | ₹36,226 cr | ₹49,144 cr | ₹36,709 cr |
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| Net profit margin | 6.8% | 5.9% | 8.2% | 5.8% |
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| Basic EPS | ₹32.93 | ₹28.80 | ₹39.06 | ₹29.18 |
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| Diluted EPS | ₹32.93 | ₹28.80 | ₹39.06 | ₹29.18 |
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Revenue trend and demand read-through
Topline for Q2 FY27 came in at ₹1,98,263 cr against ₹1,57,911 cr in Q2 FY26, and ₹2,04,987 cr in the preceding Q1 FY27 quarter.
On a sequential basis revenue declined -3.3%. Sequential moves are the quickest read on demand momentum because they strip out the base effect of a year-old quarter, though seasonality can distort a single quarter.
Total expenses for the quarter were ₹1,76,276 cr, or 88.9% of revenue, with operating profit declined -21.7% year on year.
Margins, tax and profitability
Net profit of ₹18,535 cr works out to a net margin of 9.3% compared with 6.8% in the year-ago quarter. Margin expansion of this kind usually reflects a better product or service mix, softer input costs, or tighter overheads.
Below the operating line, OIL AND NATURAL GAS CORP. reported profit before tax of ₹25,064 cr, a tax charge of ₹8,547 cr (effective rate 34.1%), interest cost of ₹3,411 cr. Reading these together with operating profit shows how much of the quarter's earnings were driven by the core business versus financing and tax movements.
Sequentially, net profit moved from ₹11,899 cr in Q1 FY27 to ₹18,535 cr in Q2 FY27, a change of +55.8%.
Trailing twelve months and annual context
Across the trailing four quarters OIL AND NATURAL GAS CORP. has generated revenue of ₹7,44,479 cr and net profit of ₹51,269 cr, a trailing net margin of 6.9%. The trailing view smooths out one-off quarters and is the number most valuation multiples are built on.
On a full-year basis, FY26 revenue was ₹6,05,276 cr with net profit of ₹41,424 cr and EPS of ₹32.93, versus the prior year where revenue declined -0.6% and profit grew +14.4%.
What to watch in the next ONGC quarter
For the coming quarters the numbers worth tracking on this page are revenue momentum, the operating margin trend, the interest burden and whether EPS keeps pace with profit growth. A sustained run of year-on-year profit growth is what usually drives a re-rating rather than any single quarter.
OIL AND NATURAL GAS CORP. has intimated the exchange that its board meets on 5 Nov 2026 to approve financial results. The figures shown here update when Yahoo Finance publishes the corresponding statement data, which can lag the filing.
Financial figures here are supplied through Yahoo Finance fundamentals and shown in ₹ crore, without adjustment. This is information and analysis, not investment advice.
ONGC results coverage
ONGC quarterly results FAQs
What were OIL AND NATURAL GAS CORP. (ONGC) Q2 FY27 results?
In Q2 FY27 (quarter ended 30 Sept 2026), OIL AND NATURAL GAS CORP. reported revenue of ₹1,98,263 cr and net profit of ₹18,535 cr, a change of +71.9% year on year on +25.6% revenue growth. EPS stood at ₹13.31.
What is ONGC profit margin in Q2 FY27?
OIL AND NATURAL GAS CORP. posted a net profit margin of 9.3% and an operating margin of 12.8% in Q2 FY27. On a trailing twelve-month basis, revenue is ₹7,44,479 cr and net profit ₹51,269 cr.
Did ONGC results beat the previous quarter?
OIL AND NATURAL GAS CORP. net profit changed +55.8% quarter on quarter, from ₹11,899 cr in Q1 FY27 to ₹18,535 cr in Q2 FY27.
When are OIL AND NATURAL GAS CORP. (ONGC) quarterly results?
The board of OIL AND NATURAL GAS CORP. meets on 5 Nov 2026 to consider and approve the financial results, as per the exchange filing.
Where can I see ONGC latest quarterly results?
Our latest ONGC results coverage — "Oil & Natural Gas Corporation Limited Q2 FY27 Results: Net Profit ₹18,535 cr" — breaks down revenue, profit, margins and management commentary.
What is OIL AND NATURAL GAS CORP. annual revenue and profit?
For FY26, OIL AND NATURAL GAS CORP. reported full-year revenue of ₹6,05,276 cr and net profit of ₹41,424 cr, with EPS of ₹32.93.
How many quarterly results has ONGC declared recently?
Past results dates for ONGC will be listed here from the exchange calendar.
Results dates: NSE board-meeting calendar. Financial figures: Yahoo Finance fundamentals, not a direct exchange filing feed. Last successful data fetch 6 Nov 2026. Figures can be delayed; results change only when the provider publishes them. For information only, not investment advice.
