Oil & Natural Gas Corporation Limited (ONGC) — Corporate Action | 10 November 2025(2 announcements)

ONGC reported H1 FY2025-26 net profit of ₹35,610.32 crore on total income of ₹148,325.73 crore with robust 25.83% net margin. The Board approved ₹6 per share interim dividend (120% payout), ₹421.50 crore investment in renewable energy subsidiary, and USD 49.20 million joint venture commitment for ethane transportation. Offshore segment contributed 69% of revenue (₹44,983.62 crore). However, contingent liabilities from tax disputes reached ₹18,252 crore provisioned for GST/Service Tax on royalty, with additional litigation exposure including ₹14,418 crore arbitration liability (Panna-Mukta/Mid-South Tapti fields). Geopolitical risks include restricted dividend repatriation from Russia (₹3,637 crore) and Mozambique project losses (₹724 crore).

ONGC declared Q2 FY'26 consolidated net profit of ₹12,615 crore, up 28.2% year-on-year, with standalone profit at ₹9,848 crore. The Board approved an interim dividend of 120% (₹6 per share of face value ₹5), with record date set for November 14, 2025, totaling ₹7,548 crore payout. Standalone crude oil production grew 1.2%, while new well gas now represents 21% of total gas revenue from nomination fields in H1 FY'26.