ONGC shares drop 3.32% as fourth-quarter profit falls 53%
The National Stock Exchange-listed energy company reported consolidated net profit of INR 5,701cr for the March quarter.
The National Stock Exchange-listed energy company reported consolidated net profit of INR 5,701cr for the March quarter. Published 2026-11-12 by Falling Shares.
| By Falling Shares Intelligence, edited by Wung Thomas, Editor-in-Chief
Written by Falling Shares Intelligence, our automated newsroom, from the public sources listed below and live market data. Every figure is checked against that material before publication, but the story has not been reviewed by a human editor. Check the linked sources before relying on it, and report errors to info@fallingshares.com.
Shares in ONGC fell 3.32% on Thursday to 227 INR after the company reported a 53% year-on-year decline in fourth-quarter profit. The National Stock Exchange-listed energy company posted a consolidated net profit of INR 5,701cr ($768m) for the March quarter.
Profit falls to INR 5,701cr
ONGC’s consolidated net profit for the fourth quarter fell to INR 5,701cr, down 53% from the same period last year, according to the Economic Times. The company’s share price closed at 227 INR on Thursday, down from the previous close of 234.8 INR.
Trading volume reached 4,984,735 shares during the session. The stock’s market capitalisation stands at 2.86 trillion INR.
Stock near 52-week low
The latest decline brings ONGC closer to its 52-week low of 218.53 INR, while the stock remains well below its 52-week high of 307.5 INR. The Energy / Oil & Gas E&P sector saw the stock lose ground in the latest session.
None of the reports reviewed by Falling Shares gave a reason for the fall beyond the earnings data. The company has not issued a separate statement explaining the share movement beyond the results announcement.