ONGC Posts Record Rs 16669 Crore Dividend as Q4 FY26 Profit Surges 53 Percent

State-owned energy behemoth Oil and Natural Gas Corporation (ONGC) delivered one of its strongest financial performances in years, reporting a 53 per cent year-on-year surge in consolidated net profit to Rs 13678 crore for the fourth quarter of FY2025-26. The results announced on May 26 2026 also brought a historic total dividend payout of Rs 16669 crore for the full financial year — the highest in the company's history. For the complete financial year FY26 ONGC's consolidated net profit rose 30 per cent to Rs 49793 crore. On a standalone basis Q4 net profit stood at Rs 6650 crore reflecting a 3 per cent year-on-year increase while full-year standalone profit reached Rs 32894 crore. The Board recommended a final dividend of Rs 1 per equity share taking total FY26 dividend to Rs 13.25 per share with a payout ratio of approximately 51 per cent. Consolidated gross revenue for Q4 grew 3.6 per cent to Rs 1,73,805 crore. A significant driver was new well gas which contributed 17 per cent of total production and over 21 per cent of nomination gas revenue during FY26. Key subsidiaries — HPCL MRPL OVL and OPaL — delivered sharply improved performance anchoring group-level results. The company's partnership with global energy major BP for Mumbai High field has already exceeded baseline targets in year one. ONGC is deepening its offshore footprint through Project DeepX and reported group-level reserve accretion of 99.17 MMTOE. The company is also diversifying into green hydrogen and renewables positioning itself as a key player in India's energy transition.