New Delhi, May 26 -- State-owned Oil and Natural Gas Corporation (ONGC), on Tuesday, post-market hours, reported its financial performance for the March quarter, posting a modest 3% YoY rise in net profit at Rs.6,650 crore. Although production declined during the reporting quarter, higher oil and gas prices supported the bottom-line performance.

In the same period last year, the company had posted a net profit of Rs.6,448.28 crore. Revenue from operations during the quarter under review stood at Rs.35,928.18 crore, rising marginally from Rs.34,982.23 crore reported in Q4FY25.

While the YoY net profit performance remained stable, the sequential performance came in sharply lower, with net profit declining 20.6% compared to Q3FY26.

During...