The oil producer reported an 18.2% year-on-year increase in consolidated net profit to Rs 11,554.21 crore for the quarter ended June 2025, compared with Rs 9,776 crore a year earlier. However, consolidated revenue from operations slipped 3.2% to Rs 1,63,108 crore from Rs 1,68,967 crore in the same period last year.
Standalone net profit fell 10.2% to Rs 8,024 crore from Rs 8,938 crore in Q1 FY26, though it rose 24% sequentially from the March quarter. Standalone revenue came in at Rs 32,003 crore, down 9.3% year-on-year and 9% lower than the previous quarter. EBITDA for the quarter was Rs 18,657 crore, a 2% decline from last year.
Operational highlights and production
“Gas from new wells is eligible for a 20 per cent premium over the domestic APM gas price. ONGC is actively working to boost output from such wells. In Q1 FY26, revenue from new well gas stood at Rs 1,703 crore, delivering an additional Rs 333 crore compared to the APM gas price,” the company said in a press release.
Standalone crude oil production rose 1.2% to 4.683 million metric tonnes (MMT) from 4.629 MMT a year ago, while standalone natural gas output was marginally lower at 4.846 billion cubic metres (BCM) compared with 4.863 BCM in Q1 FY25. ONGC also announced two offshore discoveries during the quarter in its operated acreages.
Market performance
ONGC shares have been under sustained pressure, falling 31% over the past 12 months and down 0.6% so far in 2025.From a technical standpoint, the stock is currently trading below seven of its eight key simple moving averages (SMA), including the 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day SMAs, but trading above its 5-day SMA.The Relative Strength Index (RSI) stands at 39, suggesting the stock is neither overbought nor oversold. Meanwhile, the Moving Average Convergence Divergence (MACD) is at -2.7 and remains below both the center and signal lines, reinforcing the ongoing bearish trend.
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