Oil and Gas Development Company Limited (OGDCL) has reported profit after tax of Rs58.5 billion for the quarter ended September 30, 2026, a 52.7% increase from the corresponding quarter a year earlier. The company disclosed its financial results on October 30, according to Dawn and the Pakistan Stock Exchange (PSX) company-announcements page.
What changed in the quarterly results?
OGDCL's reported profit rose from Rs38.3 billion to Rs58.5 billion. Net sales revenue increased to Rs132.4 billion from Rs96.2 billion, while earnings per share rose to Rs13.60 from Rs8.91. The increases were attributed to greater production volumes and stronger realised oil and gas prices, with some offsetting effects from production curtailments and exchange-rate changes.
What dividend did the board announce?
The board declared an interim cash dividend of Rs5 per share, compared with Rs3.50 in the year-earlier quarter. According to the report, this was the company's highest first-quarter interim payout. A dividend declaration should not be confused with a guaranteed return or the future market value of OGDCL shares.
What else did the company report?
Dawn reported that OGDCL collected 100% of billed amounts in the quarter and contributed about Rs82 billion in taxes, dividends, royalties and levies. The company's estimate of foreign-exchange savings from domestic production was around $1.32 billion. Such company-reported figures describe the period under review, rather than projected annual results.
Where can investors verify the filing?
PSX lists OGDCL's October 30 announcement for the quarter ended September 30. Investors should consult the original disclosure and subsequent company announcements when checking financial figures.