ONGC Petro Additions reported a standalone net loss of ₹613.18 crore for the quarter ended June 2026, compared to a net loss of ₹615.76 crore in the corresponding quarter of the previous year. According to reports from Business Standard, the company showed marginal improvement in its financial performance despite the continued losses.
The company demonstrated strong revenue growth with sales rising 15.19% to ₹3,857.87 crore in Q1 FY27, compared to ₹3,349.24 crore in the same quarter of the previous financial year. As reported by Business Standard, this revenue increase indicates improved business operations despite the company's continued losses.
The company's operating profit margin (OPM) turned negative at -1.67% in the June 2026 quarter, compared to a positive 0.21% OPM in the corresponding quarter of the previous year. According to the financial data reported by Business Standard, this deterioration in operational efficiency contributed to the company's overall losses despite the revenue growth.
PBDT (Profit Before Depreciation and Tax) remained negative at ₹505.00 crore in Q1 FY27, compared to ₹501.60 crore in the previous year's corresponding quarter. As reported by Business Standard, PBT (Profit Before Tax) was ₹891.79 crore, showing no change from the previous year's ₹894.98 crore. The company's financial performance reflects ongoing challenges in operational efficiency despite revenue expansion.
