ONOil and Natural Gas Corporation500312Dividend news update

Board declares 1st interim dividend of ₹8 per share for FY 2026-27

ONGC's Board has declared the 1st interim dividend of ₹8 per equity share of face value ₹5 each, i.e. 160% for FY 2026-27.

By ScoutQuest · Thu 5 Nov 2026, 5:44 PM IST · 2 min read

Interim Dividend

₹8 per equity share of face value ₹5 each, i.e. 160% for FY 2026-27

Record Date

12 November 2026

Dividend Payment

Payment within 30 days from the date of declaration

Dividend declared

• 1st interim dividend for FY 2026-27 at ₹8 per equity share of face value ₹5 each, which works out to 160% of face value.
• Record date fixed as Thursday, 12 November 2026 for deciding which shareholders are eligible for payment.
• Dividend is to be paid within 30 days from the date of declaration.

Quarter and half year numbers (standalone)

• Revenue from operations for the quarter ended 30 September 2026 was Rs. 43,875.15 crore, against Rs. 33,030.56 crore in the same quarter a year earlier.
• Profit for the quarter was Rs. 15,488.64 crore, against Rs. 9,847.97 crore a year earlier.
• For the half year, revenue from operations was Rs. 90,335.60 crore and profit Rs. 32,522.45 crore.
• Basic earnings per share for the quarter was Rs. 12.31, against Rs. 7.83 in the year-earlier quarter.

Loan to the overseas arm

• The Board approved an inter-corporate loan to ONGC Videsh Limited, a wholly-owned subsidiary, valid for 5 years, for a value not exceeding ₹10,000 crore outstanding at any point of time, on terms mutually agreed between lender and borrower.

Borrowing disclosure

• The company had ₹1,000 crore of unsecured Non-Convertible Debentures outstanding as on 30 September 2026.

Points to note from the accounts

• Note 1 states that, after the tenure of Independent Directors on the Board was completed on 27 March 2026, the Board did not have the requisite number of Independent Directors to reconstitute the Audit Committee; the standalone results were accordingly reviewed and approved by the Board at its meeting on 5 November 2026.
• In the Panna-Mukta and Mid & South Tapti matter, the company's 40% share of the demand raised by DGH is USD 1,624.05 million including interest up to 30 November 2016, equivalent to ₹15,583 crore as on 30 September 2026 (₹15,225 crore as on 31 March 2026). This is treated as a contingent liability, and the joint venture partners have contested the demand as premature.
• In the CB-OS/2 offshore block, the company has taken effective control with effect from 22 July 2026 following the Government's directive, and the matter is currently under adjudication.

What it means for a shareholder

• The headline item is a cash payout of ₹8 per share; the record date decides who receives it, so shares must be held on that date to qualify.
• The results show the earnings backdrop against which the payout is being made, and the loan approval relates to funding the company's wholly-owned overseas subsidiary.

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