business ⛽ ONGC Q1 results smash estimates with gas boost 💰
ONGC reported a surprisingly strong June quarter, significantly beating market expectations due to better revenue from new well gas. The state-run company posted a net profit of ₹17,034 crore for the quarter ending June 2026. This performance came while maintaining a ₹40,000 crore offshore investment plan. Operational production remained mostly flat due to various site challenges mentioned. ONGC anticipates these pressures will ease as major development projects start gaining speed.