StocksMediumUpdated•Originally published 5 November 2026•Updated 5 November 2026•
1 min read
India's ONGC Q2 Profit Jumps 57% to ₹154.8 Billion on Higher Revenue
Key Facts
1India's Oil and Natural Gas Corp (ONGC) reported higher second-quarter profit as a surge in crude prices boosted margins.
India's Oil and Natural Gas Corp (ONGC) reported a 57% jump in net profit to ₹15,488.64 crore for the second quarter ending September 2026. Reuters reported that the company's revenue rose to ₹43,875.15 crore during the period, driven by higher crude oil prices that bolstered profit margins.
The state-run explorer benefited from improved realizations on its production due to the global increase in oil prices during the July-September quarter. This financial performance reflects a supportive macro environment for energy firms as higher commodity prices directly improved the company's bottom line.