ONGC FY26 Profit Rises 30% to ₹49,793 Crore; Offshore Projects at ₹33,000 Crore

$ONGC Oil and Natural Gas Corporation reported a 30% rise in FY26 consolidated net profit to ₹49,793 crore, with revenue from operations at ₹662,247 crore. A concall update revealed offshore projects currently under execution are valued at Rs 330 billion. Jefferies maintained a Buy rating with a ₹360 target despite a 20% Q4 EBITDA miss driven by higher operating expenses and dry well write-offs.