Oil & Natural Gas Corp Ltd (NSE:ONGC)

Q2 2026 Oil and Natural Gas Corporation Ltd Earnings Call Transcript

Nov 11, 2025 / 10:00 AM GMT

Release Date Price: ₹249.45 (-0.78%)

Transcript

Key Points

Positve

Oil & Natural Gas Corp Ltd (BOM:500312) reported a 1.2% growth in crude oil production year-over-year for Q2 FY26.
The company successfully arrested the decline in gas production, reducing the degrowth from 0.35% in Q1 FY26 to 0.04% in Q2 FY26.
Revenue from new well gas reached INR 3,352 crore in H1 FY26, benefiting from a 20% premium over domestic gas prices.
The board approved an interim dividend of 120%, translating to INR 6 per equity share, totaling a payout of INR 7,548 crore.
Consolidated net profit increased by 28.19% to INR 12,615 crore in Q2 FY26, driven by subsidiaries HPCL and MRPL.

Negative

Standalone net profit decreased by 17.8% to INR 9,848 crore in Q2 FY26 due to lower crude oil price realization.
Sales revenue declined due to a INR 1,340 crore drop in crude oil revenue and a INR 424 crore reduction in value-added products.
Operating expenses increased to INR 6,875 crore in Q2 FY26, up from INR 6,389 crore in the previous year.
Depreciation, depletion, and impairment costs rose by INR 770 crore, impacting financial performance.
The company faces potential downside risks in meeting its annual production guidance due to deferred production.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ONGC.NS - Oil and Natural Gas Corporation Ltd
Q2 2026 Oil and Natural Gas Corporation Ltd Earnings Call
Nov 11, 2025 / 10:00AM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Good afternoon ladies and gentlemen. I am Pelia, moderator for the conference call.

Welcome to OENZC's earnings conference call for quarter ended 30 September 2025.

We have with us today Sivivekhongonkker, Director of Finance OENGC, and team who will interact with investors and analysts to discuss Q2 earnings.

As a reminder, all participants will be in listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance during the conference call, please signal an operator by pressing, then 0 on your touchstone telephone.

Please note this conference is recorded. I would now like to hand

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.