Mixed signals after ONGC Q1 nos; what's the best move for investors now?

On a standalone basis, ONGC's gross revenue dropped 9.3 per cent Y-o-Y to ₹32,003 crore, while net profit fell 10.2 per cent to ₹8,024 crore from ₹8,938 crore last year.

ONGC in focus after Q1 results: Oil and Natural Gas Corporation (ONGC) posted a mixed set of results in the June quarter of FY26 (Q1FY26), with profitability improving but revenues under pressure, triggering a divided view among brokerages on the upstream oil and gas major’s prospects.

 

Profit growth despite revenue dip

 

For the June quarter, ONGC’s consolidated net profit rose 18.2 per cent year-on-year (Y-o-Y) to ₹11,554 crore, aided by lower expenses, even as consolidated gross revenue fell 3.5 per cent to ₹1,63,108 crore from ₹1,68,968 crore in Q1FY25. Net profit attributable to owners came in