ONGC Q1 FY27 profit falls 43% as HPCL under-recovery loss weighs
ONGC reported consolidated Q1 FY27 net profit of ₹6,554 crore, down 43% year-on-year, as HPCL posted a ₹12,265 crore loss from petroleum-product under-recoveries amid higher crude prices. ONGC’s standalone profit more than doubled to ₹17,034 crore.
ONGC reported Q1 FY27 consolidated profit of ₹6,554 crore, hurt by HPCL’s ₹12,265 crore loss from petroleum-product under-recoveries amid higher crude prices. Standalone profit more than doubled, while ONGC expects Western Offshore investments to lift output from FY28.
Why this matters
No related recent ONGC signals are provided; the Q1 FY27 result shows HPCL fuel under-recoveries can outweigh ONGC's stronger standalone earnings.
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