Oil India Limited’s Board of Directors met on February 10, 2026, to approve the Unaudited Financial Results for Q3 FY2025-26. The Board declared a Second Interim Dividend of ₹7/- per share (70% of paid-up capital), payable by March 11, 2026, setting the Record Date as February 18, 2026. The results also noted continued investment in Russian assets and provided updates on regulatory matters.
Outcome of February 10, 2026, Board Meeting
The Board of Directors of Oil India Limited convened on February 10, 2026, and approved key financial outcomes and corporate actions, including the Unaudited Financial Results for the Quarter and Nine-months ended December 31, 2025, on both Standalone and Consolidated bases.
Interim Dividend Declaration
The Board declared a Second Interim Dividend of ₹ 7/- per share (representing 70% of the paid-up capital) for the financial year 2025-26. The payment for this dividend is scheduled on or before March 11, 2026. The corresponding Record Date for determining shareholder eligibility for this payment has been fixed as Wednesday, February 18, 2026.
Standalone Financial Highlights (Nine Months Ended 31.12.2025)
For the nine-month period ended December 31, 2025, the Standalone Profit Before Tax stood at ₹ 3,362.86 crore. The Net Profit After Tax for the same period was ₹ 2,665.81 crore. Total Income reached ₹ 16,938.76 crore.
Standalone Segment Performance Summary
The Standalone Segment Results indicated that Crude Oil was the primary contributor to Profit Before Tax and Interest at ₹ 2,657.16 crore for nine months. Total Segment Assets stood at ₹ 76,122.98 crore as of December 31, 2025.
Consolidated Financial Highlights (Nine Months Ended 31.12.2025)
On a Consolidated basis for the nine months ended December 31, 2025, the Profit Before Tax (after accounting for Associates and Joint Ventures) was ₹ 6,462.79 crore. The Profit After Tax attributable to Owners of the Company was ₹ 4,465.46 crore. Total Consolidated Income reached ₹ 28,466.18 crore.
Consolidated Segment Performance Summary
The Refinery Products segment significantly contributed to consolidated revenue, generating ₹ 19,250.73 crore in revenue for the quarter ended December 31, 2025. Total Consolidated Segment Assets stood at ₹ 118,953.55 crore.
Disclosure on Russian Assets Divestment
In continuation of a previous disclosure, the Board approved the divestment of the 50% participating interest in Licence-61, Russia, held via its Netherlands subsidiary. This asset is non-performing, and the process is expected to take approximately 18 months to conclude. The Company confirmed it has fully provided for its investment exposure. Oil India will maintain its investment in two other producing Russian assets: Vankorneft and Taas Yuryakh.
Regulatory Notes and Emphasis of Matter
The review reports highlighted specific matters, including provisions made for disputed Service Tax/GST liability on royalty, totaling ₹ 4,509.98 crore as of December 31, 2025. Furthermore, the initial assessment of the financial impact from the New Labour Codes, effective November 21, 2025, was deemed not material at the reporting date.
Other Disclosures
The filing confirms No Default regarding outstanding loan and debt securities, and there were No deviations or variations for proceeds from public issues or placements.
Source: BSE
