ONGC Videsh reports 23% profit surge in Q3
after close1 source ↓written by the desknot a recommendation
- for Q3 FY26
- 23% increase in net profit
- in standalone crude
- 15.1% decline
- crude realization
- $61.63 per barrel
- joint ventures achieved
- $63.00 per barrel
- for shareholders
- ₹6.25 dividend
ONGC Videsh Limited (OVL) reported a 23% increase in net profit for Q3 FY26, driven by strong performance in overseas operations. Despite a 15.1% decline in standalone crude realization to $61.63 per barrel, OVL's joint ventures achieved $63.00 per barrel, showcasing pricing resilience. The company also announced a ₹6.25 dividend for shareholders.
Not investment advice. For informational purposes only.