Commodities
ONGC Posts Record Q1 Profit as Crude Oil Prices Soar
State-owned oil and gas major ONGC has reported an exceptional financial performance for Q1 FY2026-27, posting a 112% year-on-year surge in standalone net profit to ₹17,034 crore.
The company also recorded its highest-ever quarterly Profit Before Tax (PBT) of ₹22,848 crore, while standalone gross revenue climbed 45.2% to ₹46,460 crore.
ONGC's robust profitability was supported by a sharp increase in global crude oil prices and higher realizations from both crude oil and premium-priced new well gas.