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India
As of 12 Oct 2026, 03:30 pm
On October 9, 2026, Care Edge Ratings reaffirmed ONGC's credit ratings. Long-term bank facilities and non-convertible debentures totaling ₹7,500 crore were assigned a CARE AAA; Stable rating. Short-term bank facilities and commercial paper, each valued at ₹10,000 crore, were maintained at a CARE A1+ rating. The combined rating for long-term and short-term bank facilities, valued at ₹17,500 crore, was confirmed as CARE AAA; Stable / CARE A1+.
As of October 12, 2026, ONGC's daily and weekly technical trends are indicated as 'bearish'. The daily trend shows a negative EMA 20 slope of -4.27 and SMA 20 slope of -3.42. The weekly trend shows a more pronounced negative EMA 20 slope of -8.49 and SMA 20 slope of -15.06. In contrast, the monthly trend is indicated as 'bullish', with a positive ADX of 10.88 and a plus DI of 12.98 compared to a minus DI of 20.24.
As of October 12, 2026, ONGC's stock has shown negative returns across various periods. The one-year return was -10.7%, the six-month return was -23.2%, and the year-to-date return was -7.5%. Shorter-term returns include -0.6% for one day, -5.4% for one month, and -10.2% for three months.
As of October 12, 2026, the nearest support level for ONGC is at ₹219.39, which is 0.28% below the current price. The nearest resistance level is at ₹220.79, which is 0.36% above the current price.
As of 12 Oct 2026, 03:30 pm
Recent drawdown or price variability is high enough to warrant closer monitoring.
Primary driver: Price remains materially below a previous peak
Trading volume was unusually high, but the closing price did not show a clear directional move.
This indicates increased participation without a clear directional signal.
The session opened materially below the previous close, indicating a sharp repricing at the open.
The price gap may increase short-term downside uncertainty and warrants review of the underlying context.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Revenue From Operations | PEAK₹2,04,987.35 crore | ₹1,73,805.19 crore | ₹1,67,422.93 crore | ₹1,57,911.08 crore | ₹1,63,108.12 crore |
| Income | PEAK₹2,07,775.93 crore | ₹1,77,172.96 crore | ₹1,70,730.43 crore | ₹1,61,019.10 crore | ₹1,65,681.35 crore |
| Expenses | PEAK₹2,01,833.13 crore | ₹1,60,863.71 crore | ₹1,54,682.71 crore | ₹1,44,074.34 crore | ₹1,49,926.32 crore |
| Profit Before Tax | ₹6,414.56 crore | ₹15,847.16 crore | ₹16,092.84 crore | PEAK₹16,944.57 crore | ₹15,736.47 crore |
| Profit Loss For Period | ₹6,554.44 crore | PEAK₹13,677.87 crore | ₹11,946.42 crore | ₹12,614.60 crore | ₹11,554.21 crore |
| Profit Loss For Period From Continuing Operations | ₹5,956.55 crore | ₹10,884.95 crore | ₹11,849.18 crore | PEAK₹12,274.96 crore | ₹11,782.10 crore |
Profit before tax fell 59.52% from the previous quarter and 59.24% from a year ago to ₹6,414.56 crore. Segment profit before tax, which excludes certain unallocated items, also dropped sharply—down 62.38% sequentially and 54.78% year-on-year to ₹7,012.45 crore. The disproportionate growth in expenses relative to revenue is the primary factor behind the decline in profitability.
Net profit (profit for the period) decreased 52.08% from the prior quarter and 43.27% from a year ago to ₹6,554.44 crore. Net profit from continuing operations was ₹5,956.55 crore, down 45.28% sequentially and 49.44% year-on-year.
Despite the lower net profit, basic and diluted earnings per share increased 10% quarter-on-quarter and 21.44% year-on-year to ₹9.46. This divergence suggests a reduction in the number of outstanding shares during the period.
Finance costs decreased 7.03% from the previous quarter and 14.59% from a year ago to ₹2,853.78 crore, providing a small positive contribution to profitability.
Disclosed bulk and block transactions involving Oil and Natural Gas Corporation, shown for the latest 90 days.
Exchange disclosures and regulatory announcements for Oil and Natural Gas Corporation.
On October 9, 2026, Care Edge Ratings reaffirmed the credit ratings for Oil and Natural Gas Corporation Limited's bank facilities and instruments, assigning CARE AAA; Stable to long-term bank facilities totaling ₹7,500 crore and non-convertible debentures worth ₹7,500 crore. The agency also maintained a CARE A1+ rating for short-term bank facilities amounting to ₹10,000 crore and commercial paper of ₹10,000 crore, while confirming a combined CARE AAA; Stable / CARE A1+ status for long-term and short-term bank facilities valued at ₹17,500 crore. This regulatory intimation was issued pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by Company Secretary Shashi Bhushan Singh.
Oil & Natural Gas Corporation Limited has informed the Exchange about Incorporation of ONGC Petrochemicals Marketing Limited (OPML) |SUBJECT: General Updates
Oil and Natural Gas Corporation Limited has informed the Exchange regarding Acquisition of to be incorporated companies |SUBJECT: Acquisition of 'to be incorporated companies'-XBRL
Oil and Natural Gas Corporation Limited submitted a compliance certificate to stock exchanges confirming that Alankit Assignments Limited verified, mutilated, and cancelled physical share certificates for dematerialization during the quarter ended September 30, 2026. The Registrar & Share Transfer Agent certified that the securities were listed on stock exchanges and updated its records to reflect the depository as the registered owner. This routine regulatory filing was signed by Company Secretary Shashi Bhushan Singh on October 6, 2026, following certification by General Manager Kamal Garg of Alankit Assignments Limited on October 5, 2026.
ONGC disclosed a change in senior management (one level below the Board) effective October 1, 2026, involving Saket Gupta, Ravi Shankar, Vinod Kumar Chaudhary, and Kaustav Nag.
Oil & Natural Gas Corporation Limited has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
ONGC reported a change in designated persons on 2026-10-01, involving four individuals: SAKET GUPTA, RAVI SHANKAR, VINOD KUMAR CHAUDHARY, and KAUSTAV NAG. The event occurred at 09:30:00 on the same date, and the disclosure was filed for the listed entity. No financial amounts or additional conditions were disclosed. Materiality is routine.
Oil & Natural Gas Corporation Limited (ONGC) announced the closure of its trading window effective October 1, 2026, pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015. The restriction will remain in place until 48 hours after the declaration of financial results for the quarter and half-year ended September 30, 2026. This action follows the company's submission of its Annual Trading Window Closure Plan for the 2026-27 financial year on March 25, 2026.
Recent market and company developments associated with Oil and Natural Gas Corporation.
Ajit Mishra reckons that the near-term structure of the market remains weak. The analyst sees strength in Engineers India, and weakness in ONGC on charts.
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ONGC Videsh to restart operations in Venezuela's San Cristobal oilfield soon
With Indian equities under pressure from high crude prices and rising bond yields, experts recommend a cautious investment approach. Focus on accumulating high-quality stocks while monitoring key factors. Tailored strategies emphasize technical analysis and sector strength amidst ongoing volatility.
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E20 petrol could cut India's imports and boost self-reliance, says ONGC, as IEW 2027 explores energy security and innovations.
Comprehensive Section Breakdown for Oil and Natural Gas Corporation
Strategic Vision: State-owned crude oil and natural gas exploration and production.
• State-owned upstream exploration and production entity
• Integrated energy model connecting upstream, international, and downstream operations
• Subsidiaries for refining, petrochemicals, and overseas exploration
ONGC reported a substantial increase in revenue for the June 2026 quarter, but expenses grew even faster, leading to a sharp decline in profit before tax. A dramatic reduction in tax expense and a swing in exceptional items from a loss to a gain cushioned the fall in net profit. Earnings per share increased despite lower net profit, indicating a change in the share base.
Revenue from operations rose 17.94% from the preceding quarter and 25.68% from the same quarter last year, reaching ₹2,04,987.35 crore. Total income (including other income) followed a similar pattern, increasing 17.27% sequentially and 25.41% year-on-year to ₹2,07,775.93 crore.
Expenses, however, grew at a faster pace. They increased 25.47% quarter-on-quarter and 34.62% year-on-year to ₹2,01,833.13 crore. The absolute sequential increase in expenses (₹40,969 crore) exceeded the revenue increase (₹31,182 crore), compressing the gap between revenue and expenses.
Tax expense plummeted 90.77% quarter-on-quarter and 88.42% year-on-year to just ₹458.01 crore. This resulted in an effective tax rate of about 7.1% for the quarter, compared to roughly 31.3% in the prior quarter and 25.1% in the same quarter last year.
Exceptional items before tax swung from a loss of ₹462.09 crore in the March 2026 quarter to a gain of ₹471.76 crore in the June 2026 quarter—a positive swing of over ₹933 crore.
Together, the lower tax expense and the favourable exceptional items significantly reduced the impact of the decline in profit before tax on net profit.
ONGC’s June 2026 quarter was defined by a sharp contrast: revenue grew strongly, but expenses rose even more, crushing profit before tax. The resulting profit collapse was partially offset by a steep drop in tax expense and a swing in exceptional items from a loss to a gain. Earnings per share moved in the opposite direction to net profit, pointing to a change in the share count. The quarter illustrates how cost growth and tax adjustments can significantly affect ONGC’s earnings.
Category: Upstream E&P
Conducts geophysical surveys, drilling, and extraction of oil and gas from offshore platforms (Mumbai High, KG Basin) and onshore fields.
Category: Upstream E&P
Acquires exploration concessions and manages equity oil and gas production assets outside of India.
Key Products & Services: ONGC Videsh Limited
Category: Downstream Refining & Marketing
Refines crude oil, manufactures petrochemicals, and retails petroleum products.
Key Products & Services: Hindustan Petroleum Corporation Limited • Mangalore Refinery and Petrochemicals Limited
Core Thesis: ONGC operates an integrated energy model connecting upstream E&P, international exploration concessions, and downstream fuel refining and petrochemical marketing.
• Upstream to Downstream Integration: ONGC routes its extracted crude oil directly to its refining subsidiaries, HPCL and MRPL, which refine it into commercial fuels and distribute them through retail outlets. • Integrated Petrochemicals Marketing: A joint marketing venture with MRPL and OPaL unifies sales and logistics for polymer and chemical products, enabling bulk pricing and shared warehouses. • Overseas Exploration & Equity Sourcing: ONGC Videsh Limited (OVL) acquires interests in overseas blocks to secure equity oil and gas feedstock channels back to India. • Natural Gas Transmission Sourcing: Domestic offshore natural gas is routed into national pipeline networks operated by GAIL for supply to power utilities and fertilizer manufacturers.
Reported ownership for FY2027-Q1 as of 2026-06-30.