New Delhi, Aug. 4 -- Oil and Natural Gas Corporation (ONGC) reported a strong financial performance for the first quarter of FY27, with standalone net profit rising 112.3 per cent year-on-year to Rs 17,034 crore, compared with Rs 8,024 crore in the corresponding quarter of the previous fiscal.

Standalone gross revenue of the company increased 45.2 per cent to Rs 46,460 crore during the quarter, from Rs 32,003 crore in Q1 FY26. The company also reported its highest-ever quarterly profit before tax (PBT) of Rs 22,848 crore.

The strong financial performance was supported by higher crude oil realisations. Net realisation from nominated crude oil rose 50.4 per cent to USD 99.45 per barrel from USD 66.13 per barrel a year earlier. In rupee te...