Oil and Natural Gas Corporation Limited reported standalone net profit of ₹15,489 crore in Q2 FY27, up 57.3% year on year. Revenue increased 32.8% to ₹43,875 crore.
The improvement was largely supported by higher oil and gas realisations, while production remained broadly flat. ONGC's H1 FY27 standalone profit reached ₹32,522 crore, almost equal to the entire FY26 profit of ₹32,894 crore.
The more important development is the investment pipeline. ONGC awarded two Western Offshore development projects worth ₹11,800 crore and also announced two new hydrocarbon discoveries. The company declared an interim dividend of ₹8 per share, with a record date of November 12, 2026.
My view is positive on earnings, but the next focus should be crude and gas realisations, production growth and execution of the offshore projects.
Stance: Positive, with commodity realisations as the key risk.
ONGC
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shared an insight ⚡️ 17 hours ago
Titan Company Q2 profit more than doubles
Titan Company Limited reported consolidated net profit of ₹2,393 crore in Q2 FY27, up 113.7% year on year. Total income increased 14% to ₹21,430 crore.
The result was stronger than the headline revenue growth suggests. Titan reported broad-based operating growth of about 25%, while jewellery remained a major contributor. Watches also delivered strong growth, supported by premiumisation and design-led products.
The important point is that consumer demand remained resilient despite a strong base quarter and the festive calendar shifting toward Q3. This makes the upcoming festive period important for judging whether the operating momentum can continue.
My view is constructive, but the next test is Q3 demand. I will watch jewellery sales, operating margins and whether the festive shift translates into sustained growth rather than simply moving revenue between quarters.
Stance: Positive, subject to Q3 festive demand.
TITAN
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shared an insight ⚡️ 22 hours ago
Bharti Airtel Q2 profit rises 31%........
Bharti Airtel Limited reported consolidated net profit of ₹8,888 crore in Q2 FY27, up 31% year on year. Revenue rose 16.7% to ₹60,878 crore.
The key operating number was ARPU, which increased to ₹271 from ₹256 a year earlier. Airtel also added 1.2 million postpaid customers, while its smartphone data customer base increased by 18.8 million year on year.
The result shows that Airtel is improving monetisation without relying on a broad tariff increase since July 2024. However, higher network operating costs and licence fees limited the conversion of revenue growth into profit, which also caused the profit number to miss analyst expectations.
My view is positive on the operating trend, particularly the rise in ARPU and premium customer additions. The next trigger is whether industry-wide tariff increases can further improve ARPU while cost growth remains controlled.
Stance: Positive, with focus on ARPU and cost control.
BHARTIARTL
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