Consolidated net profit after tax rose ~18.2% YoY to INR 11,552 crore, helped by HPCL.
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New Well Gas revenues surged to INR 1,703 crore in Q1 FY’26, adding INR 333 crore over the APM price.
NEGATIVES
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Standalone PAT declined 10.2% YoY to INR 8,024 crore in Q1 FY26.
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Revenues at ONGC Videsh were notably pressured by weaker crude price realization (average down from $67/bbl to $60/bbl); Russian assets cited in context.
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