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ONGC had the status of Maharatna in 2010.
Oil and Natural Gas Corporation i.e. ONGC Limited’s FY 2025-26’s first quarter (April-June) fell 2% to ₹ 9,804 crore on an annual basis (YOY). The company’s consolidated net profit was ₹ 9,974 crore in the same quarter of a year ago.
The ONGC operation has led to a 4% decline in consolidated revenue i.e. income annually. The company’s operation in the first quarter of FY26 was ₹ 1.63 lakh crore from the revenue. Revenue was ₹ 1.69 lakh crore in the first quarter of FY25, the same quarter of a year ago. The ONGC has released the first quarter and annual results on 13 August today.
What is standalone and consolidated?
Companies’ results come in two parts- Standalone and Consolidated. Financial performance of only one unit is shown in standalone. Whereas, the entire company reports are given in the consolidated or consolidated financial report.
Here, ONGC has 1 holding company, 7 subsidiary, 5 joint ventures and 3 associates. The financial report of all these will be called concealed. At the same time, separate results of ONGC will be called standalone.
ONGC share dropped 29% in a year
The ONGC share is trading up 1.51% to ₹ 239.07 today. The company’s stock has dropped 29% in the last one year. The stock has climbed 2% in the last 6 months. The company’s market cap is 3.01 lakh crore rupees.
In 2010, ONGC got Maharatna status
Maharatna ONGC is India’s largest company of crude oil and natural gas, which contributes about 71% to Indian domestic production. Crude oil is the romaterial that uses downstream companies like IOC, BPCL, HPCL and MRPL to produce petroleum products such as petrol, diesel, kerosene, napha and cooking gas LPG.
The ONGC was established under the leadership of Pandit Jawaharlal Nehru. In 1955, the foundation of ONGC was laid as Oil and Gas Division under the Geological Survey of India. A few months later it was converted into oil and natural gas directorate. On 14 August 1956, the directorate was converted into commission and named Oil and Natural Gas Commission.
In 1994, the Oil and Natural Gas Commission was converted into a corporation and in 1997 it was recognized by the Government of India as one of the Navratnas. After this, it was given the status of Maharatna in the year 2010.
