ONGC Quarter1 Results: The public sector company Oil and Natural Gas Corporation (ONGC) declared the first quarter (April-June) results of the current financial year 2025-26 on Wednesday, 30 August 2025. The company’s net profit declined by 10 percent to Rs 8,024 crore, while it was Rs 8,938 crore in the same period a year ago.
According to the company’s statement, the main reason for the decrease in profits is the fall in crude oil prices in the international market and the stable of production from old (mature) oil areas. According to the report, the average sales price of each barrel crude oil extracted from the land and the sea was $ 67.87.
Premium on gas production from new wells
ONGC said that the natural gas emanating from the new wells dug by it gets 20% premium from the APM price fixed by the government. The company said that in the first quarter of FY 2025-26, these wells received revenue of Rs 1,703 crore from gas production, which is Rs 333 crore more than APM price.
New agreement
Meanwhile, ONGC and its subsidiary ONGC Foreign Limited (OVL) have signed an MoU for coordinated marketing works (MOU). The company said that this agreement is the first step towards increasing operations coordination for group companies and customizing marketing efficiency. After the ONGC result, the company’s shares were seen to have a rise and on Wednesday, about 2 percent came up to Rs 239.90.
Also read: Such news came amidst heavy tariffs on India, US President Trump will also be stunned
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