ONGC Q4 2026 Results: Key Takeaways and Outlook Amid Rising Crude Oil Prices

ONGC Q4 Results 2026 LIVE: Oil and Natural Gas Corporation Ltd (ONGC) to Announce Quarterly Results Today

The board of directors of Oil and Natural Gas Corporation Ltd (ONGC), the largest state-run oil and gas explorer and producer in the country, is scheduled to meet on 26 May 2026, to approve the financial results for the quarter and financial year ended 31 March 2026. The meeting is expected to include a recommendation for a final dividend, if any, for the Financial Year ended 31st March, 2026.

Strong Earnings Growth Expected

Analysts anticipate that ONGC will report strong earnings growth in the fourth quarter of FY26 on a year-on-year (YoY) basis, driven by higher oil realizations. This is due to the significant increase in crude oil prices during the quarter, following disruptions around the Strait of Hormuz, a critical chokepoint that facilitates around 20% of global oil supply.

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Q4FY26 Results Preview

Key Highlights

According to Kotak Institutional Equities, ONGC's revenue in Q4FY26 is expected to grow 21.2% to ₹38,247 crore from ₹31,546.5 crore, quarter-on-quarter (QoQ). EBITDA is estimated to increase 20% QoQ, largely due to higher crude price realization. Net crude price realization is seen 24% higher sequentially, while gas price realization is expected to decline by 1.6%.

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Key Risks

ONGC's management commentary on the ramp-up of gas production remains a key monitorable, while analysts believe a delay in peak oil production from the KG Basin is a key downside risk.

ONGC Share Price

The company's share price was trading higher ahead of the announcement of Q4 results today.