ONGC Q3 Results Today: New 52-Week High Reached Ahead of Board Meet; Is a Massive Dividend Coming?

Mumbai: The board of Oil and Natural Gas Corporation (ONGC) is meeting today to approve the financial results for the third quarter (Q3) of FY 2025-26. Amidst high anticipation, the stock has already created a buzz on Dalal Street by hitting a new 52-week high in today's intra-day trade.

ONGC Live Market Status (12 Feb, 12:40 PM)

Current Share Price: ₹276.30 (+0.62%)
Today's High: ₹280.30 (New 52-Week High!)
52-Week Low: ₹205.00
Market Cap: ₹3.47 Lakh Crore
Dividend Yield: 4.45%

The stock is currently trading above all its major moving averages (50-day, 100-day, and 200-day), signaling a strong bullish trend ahead of the earnings announcement.

Q3 Preview: What Experts Expect?

While the stock price is surging, analysts expect a slight dip in net profit compared to the previous quarter due to cooling global crude oil prices.

Metric	Q2 FY26 (Actual)	Q3 FY26 (Estimated)	Change (%)
Net Profit (Standalone)	₹9,848 Cr	₹8,800 - ₹9,300 Cr	-6% to -10% (QoQ)
Revenue	₹33,000 Cr	₹31,500 - ₹32,500 Cr	-3% (QoQ)
Dividend Expected	₹6.00 /share	₹5.00 - ₹7.00 /share	Monitorable

3 Key Triggers for Investors Today

1. Second Interim Dividend

ONGC has already fixed February 18, 2026, as the Record Date for the second interim dividend of FY26. Today’s board meeting will officially declare the dividend amount. Historically, ONGC offers one of the best yields in the Nifty 50, and investors are eyeing a payout of at least 100-140%.

2. KG Basin Production Update

The "X-factor" for ONGC is the ramp-up of its KG-DWN-98/2 block. Investors are waiting for the management's commentary on whether the peak gas production of 10 mmscmd will be achieved by mid-2026 as previously guided.

3. Crude Realization & Windfall Tax

With Brent crude hovering around specific levels, the net realization (profit per barrel) after windfall tax will determine the stock's next leg of the rally.

Technical View: Targets and Support

Resistance: The stock faces immediate resistance at ₹280 - ₹285. A closing above ₹282 could trigger a rally toward ₹300.
Support: On the downside, strong support is placed at ₹266 and ₹254.

Analyst Take: "ONGC is currently in a 'Buy on Dips' zone. The combination of a strong dividend and the production ramp-up makes it a solid value pick even if the Q3 profit shows a slight sequential dip."