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6 August 2026

ONGC net profit growth in June quarter

While the quarterly profit of a specific PSU is not directly examinable, it serves as useful context for understanding India's energy sector performance, resource mobilization, and the impact of global crude oil price fluctuations on the domestic economy.

1 min read Day 2 of 2 1 questions 1 prelims

Notes

  • ONGC reported a net profit of ₹17,034 crore for the June quarter, a year-on-year increase of over 112%.
  • Growth was primarily driven by a 50.4% increase in net crude oil price realisations, reaching $99.45 per barrel.
  • Gross revenue for the quarter stood at ₹46,460 crore, marking a 45.2% year-on-year growth.
  • Standalone production levels for crude oil (4.452 MMT) and natural gas (4.756 BCM) remained nearly flat compared to the same period in the previous year.

Part of a longer story

This is day 2 of 2 in ONGC Q1 Financial Performance, which has been running since 5 August 2026. Reading it whole is usually worth more than reading today alone — the exam asks how something developed.

Questions

  1. Analyze the impact of global crude oil price fluctuations on the profitability of public sector oil exploration companies in India. How do stagnant production levels influence the long-term energy security of the nation? 150 words
    Attempt this — 150 words in 8 min
    0 / 150 words 8:00

Prelims

  1. What is meant by 'net crude oil price realisation' in the context of oil exploration companies?

Syllabus

Topics

Sources

250words.in · https://250words.in/daily/2026-08-06/ongc-net-profit-growth-in-june-quarter