ONGC — earnings resilience, partnerships deepen
By Newscript News Network
August 25, 2025
Oil and Natural Gas Corporation’s Q1 FY26 results showed resilience: net profit of ₹11,554 crore, up 18.2% year-on-year, even as revenues softened. The improvement reflected stronger subsidiary contributions and a better product mix.
That bottom-line strength coincided with a credit upgrade. S&P Global Ratings lifted ONGC to BBB from BBB-, mirroring India’s sovereign rise. “The upgrade lowers funding costs at a time of elevated investment,” said a Delhi-based energy analyst.
Strategically, ONGC is diversifying its acreage portfolio. It took the largest share in OALP-IX and signed joint operating agreements with Oil India Ltd on three blocks, formalised in August. These partnerships allow ONGC to spread financial and technical risk....