SynopsisOil & Natural Gas Corporation (ONGC) reported a significant 46% surge in consolidated net profit to Rs 10,820 crore for the March-ended quarter. This growth was driven by a 4% increase in revenue from operations, reaching Rs 1,73,805 crore. The company also recommended a final dividend and approved a joint venture for a liquid port in Dahej, Gujarat.TOI.inOil and Natural Gas Corporation announced a significant 46% rise in its March quarter net profit. Oil & Natural Gas Corporation (ONGC) reported a consolidated net profit at Rs 10,820 crore in the March-ended quarter versus Rs 7,431 crore in the year ago period, implying a 46% uptick. The profit is attributable to the owners of the company.The company's revenue from operations in Q4FY26 was up 4% to Rs 1,73,805 crore versus Rs 1,67,749 crore posted by the company in the corresponding quarter of the previous financial year.The PAT grew 8% sequentially compared to Rs 10,016 crore in Q3FY26 while the topline also rose nearly 4% versus Rs 167,423 crore in the October-December quarter of FY26.The state-run explorer's board of directors recommended a final dividend of Re 1 per equity share for the financial year 2025-26.The board has accorded an in-principle approval for formation of a 50:50 joint venture company with Gujarat Maritime Board (GMB) to develop a 5 MMTPA liquid port at Dahej Gujarat, pending investment approvals by the Joint Venture Partners and approval of DIPAM, Govt of India.The company posted a standalone net profit of Rs 6,650 crore during Q4FY26, and Rs 32,894 crore for FY26.The company's filing said the subsidiaries HPCL, MRPL, OVL and OPaL delivered "remarkable" improvement in performance.Total dividend for FY26 stood at Rs 13.25 per share with a payout ratio of 51%. The technical Service Provider (TSP-2) contract awarded to cover entire Western Offshore after encouraging results of TSP-1 in MH field.ONGC said projects worth Rs 33,075 crore under progress in Western offshore, highest in recent times. In FY26, new well gas constitutes 17% of production and 21% of revenue from ONGC nomination gas portfolio.Performance highlights of ONGC Group companiesONGC VideshThe company has achieved a turnover of Rs 8,443 crore during FY’26 against the turnover of Rs 9,160 crore (excluding trading activities) during FY’25. This was mainly due to lower realized crude oil price of USD 60.09/bbl in FY’26 as against USD 70.23/bbl in FY’25. The Company registered a PAT of Rs 1,152 crore in FY’26, as against a PAT of Rs 428 crore in FY’25.HPCLThe combined GRM for HPCL Refineries for FY2025-26 is US$ 8.79/bbl compared to $5.74/bbl in the corresponding previous year. HPCL reported Revenue from Operations of Rs 4,78,543 crore for FY 2026-25 as against Rs 4,66,346 crore last year, growth of 2.6%. The standalone PAT is Rs 17,175 crore asagainst Rs 7,365 crore last year. For the year 2025-26, HPCL has proposed a final dividend of Rs 19.25 per share in addition to interim dividend of Rs 5 per share.Mangalore Refinery and Petrochemicals (MRPL)MRPL has posted net profit of Rs 1,931 crore in FY’26 as against profit after tax of Rs 51 crore in FY’25. MRPL has achieved revenue from operations of Rs 1,05,155 crore during FY’26 as against Rs 1,09,280 crore during FY’25 as the capacity utilization achieved for Current financial year (FY'26) was 113% as compared to 121% during previous financial year.The GRM for FY 2025-26 is US$ 9.22/bbl compared to US$ 4.45/bbl in the corresponding previous year.(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)Read More News on(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price...moreless(You can now subscribe to our ETMarkets WhatsApp channel)Read More News on(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price...moreless