Oil and Natural Gas Corporation (ONGC) reported a 16% year-on-year rise in its standalone net profit for the October–December quarter.
The company posted a profit of ₹8,372 crore compared to the same period last year. However, revenue from operations saw a slight decline due to softer crude prices. ONGC’s consolidated net profit rose sharply, supported by improved performance from subsidiaries.
The board also announced a second interim dividend of ₹6.25 per equity share, with February 18 set as the record date. Stable crude production and better gas realisations helped the company maintain strong financial performance during the quarter.