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Corporate News |
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ONGC profit doubles to Rs 17,034 crore on higher oil prices
05-Aug-2026
State-owned Oil And Natural Gas Corporationās standalone net profit more than doubled to Rs 17,033.81 crore in the June quarter, supported by sharply higher crude oil and gas realisations.
Net profit rose 112.3% from Rs 8,024.23 crore in the corresponding quarter last year, while revenue from operations increased 45.2% to Rs 46,460.45 crore from Rs 32,002.89 crore. The upstream major reported its highest-ever quarterly profit before tax of Rs 22,848.02 crore, against Rs 10,744.33 crore a year earlier.
News Source:- https://www.financialexpress.com/business/industry-ongc-profit-doubles-to-rs-17034-crore-on-higher-oil-prices-4310422/
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