business ⛽ ONGC Q1 Results: Standalone Profit Jumps, Consolidated Drops
ONGC announced its unaudited results for the quarter ending 30 June 2026. The company reported strong standalone performance, while consolidated profit saw a significant decline. Standalone net profit rose 112.3% to ₹17,034 crore, thanks to E&P gains. However, consolidated net profit fell 43.3% to ₹6,554 crore due to heavy losses in refining. The company also noted a contingent liability of ₹15,365 crore pending arbitration. ⛽