Oil and Natural Gas Corporation | ONGC reported a 9.1% quarter-on-quarter decline in standalone net profit to ₹15,489 crore for Q2 FY27, compared with ₹17,034 crore in the previous quarter.
Revenue fell 5.6% to ₹43,875 crore from ₹46,461 crore, while EBITDA declined 12.3% to ₹24,860 crore from ₹28,355 crore.
The company's EBITDA margin narrowed to 57% from 61% in the previous quarter.
The performance was below the CNBC-TV18 poll estimates, which had pegged net profit at ₹15,591 crore, revenue at ₹44,257 crore, EBITDA at ₹26,574 crore and EBITDA margin at 60%.
Oil and Natural Gas Corporation | ONGC reported a 9.1% quarter-on-quarter decline in standalone net profit to ₹15,489 crore for Q2 FY27, compared with ₹17,034 crore in the previous quarter. Revenue fell 5.6% to ₹43,875 crore from ₹46,461 crore, while EBITDA declined 12.3% to ₹24,860 crore from ₹28,355 crore. The company's EBITDA margin narrowed to 57% from 61% in the previous quarter. The performance was below the CNBC-TV18 poll estimates, which had pegged net profit at ₹15,591 crore, revenue at ₹44,257 crore, EBITDA at ₹26,574 crore and EBITDA margin at 60%.
