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OIL & NATURAL GAS CORPORATION
Quarterly Results Analysis [Dec2025]

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OIL & NATURAL GAS CORPORATION Quarterly Results

Consolidated Dec2025
UnAudited
Sep2025
UnAudited
Jun2025
UnAudited
Mar2025
UnAudited
Dec2024
UnAudited
Sep2024
UnAudited
Jun2024
UnAudited
Mar2024
UnAudited
Revenues ₹167,423 Cr ₹157,911 Cr ₹163,108 Cr ₹170,812 Cr ₹167,213 Cr ₹159,331 Cr ₹168,968 Cr ₹172,137 Cr
Expenses ₹142,088 Cr ₹131,390 Cr ₹137,201 Cr ₹148,727 Cr ₹142,494 Cr ₹138,745 Cr ₹147,183 Cr ₹148,913 Cr
Operating Income ₹25,335 Cr ₹26,521 Cr ₹25,907 Cr ₹22,085 Cr ₹24,719 Cr ₹20,586 Cr ₹21,785 Cr ₹23,224 Cr
Other Income ₹3,308 Cr ₹3,108 Cr ₹2,573 Cr ₹2,977 Cr ₹2,415 Cr ₹4,186 Cr ₹2,761 Cr ₹3,367 Cr
Interest ₹3,207 Cr ₹3,411 Cr ₹3,341 Cr ₹3,500 Cr ₹3,750 Cr ₹3,827 Cr ₹3,694 Cr ₹3,608 Cr
Depreciation ₹9,388 Cr ₹9,273 Cr ₹9,384 Cr ₹9,043 Cr ₹9,539 Cr ₹8,254 Cr ₹8,501 Cr ₹8,420 Cr
Profit Before Tax ₹16,093 Cr ₹16,945 Cr ₹15,736 Cr ₹12,367 Cr ₹13,845 Cr ₹12,668 Cr ₹12,352 Cr ₹12,829 Cr
Profit After Tax ₹11,849 Cr ₹12,275 Cr ₹11,782 Cr ₹8,217 Cr ₹10,111 Cr ₹9,854 Cr ₹9,003 Cr ₹9,355 Cr
EPS ₹7.96 ₹8.57 ₹7.79 ₹5.82 ₹6.82 ₹8.14 ₹7.93 ₹7.97
Industry Peers & Returns1W1M1Y
OIL & NATURAL GAS CORPORATION 2.8% 13.3% 7.2%
OIL INDIA -4.7% 5.9% 12.9%
DEEP INDUSTRIES 1.4% 7.9% -31.5%
HINDUSTAN OIL EXPLORATION COMPANY -2% 2.2% -27.3%
JINDAL DRILLING & INDUSTRIES 3.1% -6.2% -48.7%
ASIAN ENERGY SERVICES 10.5% 9.7% -9.6%
SELAN EXPLORATION TECHNOLOGY 6.6% 59.8% -21.8%
GUJARAT NATURAL RESOURCES 5.5% -1.7% 430.9%
ABAN OFFSHORE -0.4% 16.3% -51.8%

OIL & NATURAL GAS CORPORATION Quarterly Revenues

Revenues
Q-o-Q

6.02 %

Y-o-Y

0.13 %

Quarters Revenues % Change
Dec2025 ₹167,423 Cr
6.02
Sep2025 ₹157,911 Cr
-3.19
Jun2025 ₹163,108 Cr
-4.51
Mar2025 ₹170,812 Cr
2.15
Dec2024 ₹167,213 Cr
4.95
Sep2024 ₹159,331 Cr
-5.70
Jun2024 ₹168,968 Cr
-1.84
Mar2024 ₹172,137 Cr -

OIL & NATURAL GAS CORPORATION Quarterly Operating Profit

Operating Profit
Q-o-Q

-4.47 %

Y-o-Y

2.49 %

Quarters Operating Profit % Change
Dec2025 ₹25,335 Cr
-4.47
Sep2025 ₹26,521 Cr
2.37
Jun2025 ₹25,907 Cr
17.31
Mar2025 ₹22,085 Cr
-10.66
Dec2024 ₹24,719 Cr
20.08
Sep2024 ₹20,586 Cr
-5.50
Jun2024 ₹21,785 Cr
-6.19
Mar2024 ₹23,224 Cr -
Operating Margins
Q-o-Q

-9.94 %

Y-o-Y

2.37 %

Quarters Operating Margin% % Change
Dec2025 15.13%
-9.94
Sep2025 16.8%
5.79
Jun2025 15.88%
22.82
Mar2025 12.93%
-12.52
Dec2024 14.78%
14.40
Sep2024 12.92%
0.23
Jun2024 12.89%
-4.45
Mar2024 13.49% -

OIL & NATURAL GAS CORPORATION Quarterly Profit After Tax

Profit After Tax(PAT)
Q-o-Q

-3.47 %

Y-o-Y

17.19 %

Quarters Profit After Tax % Change
Dec2025 ₹11,849 Cr
-3.47
Sep2025 ₹12,275 Cr
4.18
Jun2025 ₹11,782 Cr
43.38
Mar2025 ₹8,217 Cr
-18.73
Dec2024 ₹10,111 Cr
2.61
Sep2024 ₹9,854 Cr
9.45
Jun2024 ₹9,003 Cr
-3.76
Mar2024 ₹9,355 Cr -
PAT Margins
Q-o-Q

-8.88 %

Y-o-Y

17.02 %

Quarters PAT Margin(%) % Change
Dec2025 7.08 %
-8.88
Sep2025 7.77 %
7.62
Jun2025 7.22 %
50.10
Mar2025 4.81 %
-20.50
Dec2024 6.05 %
-2.10
Sep2024 6.18 %
15.95
Jun2024 5.33 %
-1.84
Mar2024 5.43 % -

OIL & NATURAL GAS CORPORATION Quarterly Earnings Per Share (EPS)

EPS
Q-o-Q

-7.12 %

Y-o-Y

16.72 %

Quarters EPS % Change
Dec2025 ₹7.96
-7.12
Sep2025 ₹8.57
10.01
Jun2025 ₹7.79
33.85
Mar2025 ₹5.82
-14.66
Dec2024 ₹6.82
-16.22
Sep2024 ₹8.14
2.65
Jun2024 ₹7.93
-0.50
Mar2024 ₹7.97 -

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