Oil India Limited’s Board of Directors convened on February 10, 2026, to approve the Unaudited Financial Results for the Quarter and Nine Months ending December 31, 2025. Key outcomes include the declaration of a Second Interim Dividend of ₹7/- per share (70% of paid-up capital) for FY 2025-26, payable by March 11, 2026. The board also provided an update on the divestment of its 50% PI in Licence-61, Russia, due to the asset being non-performing.
Financial Results and Dividend Declaration
Following the Board Meeting held on February 10, 2026, Oil India Limited announced the approval of the Unaudited Standalone Financial Results for the Quarter and Nine Months ended December 31, 2025. The Standalone Profit Before Tax (PBT) for the nine months stood at ₹3,362.86 crore, compared to ₹5,830.64 crore in the previous year (nine months ended 31.12.2024).
Interim Dividend Approved
- The Board declared a Second Interim Dividend of ₹7/- per equity share (which is 70% of the paid-up capital) for the financial year 2025-26.
- This dividend is in addition to the First Interim Dividend of ₹3.50 per share already paid.
- The dividend payment is slated to occur on or before March 11, 2026.
- The designated Record Date to ascertain eligibility for this payment is Wednesday, February 18, 2026.
Standalone Financial Highlights (Nine Months Ended Dec 31, 2025)
The standalone figures reveal notable performance metrics:
- Total Income: ₹16,938.76 crore.
- Profit Before Tax (PBT) from Continuing Operations: ₹2,665.81 crore.
- Net Profit After Tax (PAT): ₹2,665.81 crore.
- Basic & Diluted EPS (Continuing Operations): ₹16.39 per share.
Consolidated Financial Highlights (Nine Months Ended Dec 31, 2025)
The consolidated results reflect broader group operations:
- Total Income: ₹28,466.18 crore.
- Profit Before Tax (PBT) before exceptional items, associates share, and tax: ₹5,758.17 crore.
- Net Profit After Tax attributable to Owners of the Company: ₹4,465.46 crore.
- Basic & Diluted EPS (Continuing Operations): ₹27.79 per share.
Russia Asset Divestment Update
In line with the strategy for portfolio rationalization, the Board approved the divestment of the 50% participating interest (PI) in Licence-61, Russia, held via the Dutch subsidiary. The asset is currently non-performing, with production halted since August 2022. The company has fully provided for this investment exposure, but confirmed it will remain invested in the other two producing Russian assets, Vankorneft and Taas Yuryakh.
Key Accounting Matters Emphasized
The accompanying notes highlight several significant accounting considerations:
- New Labour Codes: The enactment of four new Labour Codes effective November 21, 2025, is noted. The company has made an initial, non-material assessment, pending the notification of Central and State Rules.
- Service Tax/GST on Royalty: A provision of ₹210.49 crore (including interest) was made for the quarter related to disputed Service Tax/GST on royalty, bringing the total provision to ₹4,509.98 crore as of December 31, 2025.
- Joint Operations Information: The results incorporate interim data from 105 joint operations, which were not subject to auditor review, relying solely on management certification.
Other Information Disclosure
In compliance with recent SEBI guidelines, Oil India confirmed that there were no deviations for proceeds of public issues and importantly, there was No Default outstanding on loans and debt securities as of the reporting date.
Source: BSE
