Oil India Limited’s Board of Directors, meeting on February 10, 2026, approved the Second Interim Dividend of ₹7/- per share (70% of paid-up capital) for FY 2025-26, payable by March 11, 2026. The board also approved the Unaudited Financial Results for the Quarter and Nine Months ended December 31, 2025. The company also disclosed progress on the divestment of its 50% stake in Licence-61, Russia, noting that full provision has been made for the investment exposure.
Key Declarations from the Board Meeting
The Board of Directors of Oil India Limited convened on February 10, 2026, considering several crucial agenda items. The primary financial outcomes included the approval of the Unaudited Financial Results for the Quarter and Nine Months ending December 31, 2025, along with the Auditor’s Limited Review Report.
Interim Dividend Announcement
The Board declared a significant interim payment: the Second Interim Dividend of ₹7/- per equity share (which represents 70% of the paid-up capital) for the financial year 2025-26. This dividend is scheduled to be paid on or before March 11, 2026. The Record Date established for determining shareholder eligibility for this payment is Wednesday, February 18, 2026.
Standalone Financial Performance Summary (Nine Months Ended 31.12.2025)
The consolidated financial statements highlight performance across the nine-month period ending December 31, 2025. Total Income reached ₹16,938.76 crore, compared to ₹17,804.28 crore in the previous year’s corresponding nine months. Profit Before Tax (PBT) for continuing operations stood at ₹2,665.81 crore. The resulting Net Profit After Tax (PAT) was ₹2,665.81 crore. The basic and diluted Earnings Per Share (EPS) for continuing operations for the nine-month period was ₹16.39.
Consolidated Financial Performance Summary (Nine Months Ended 31.12.2025)
On a consolidated basis, Total Income for the nine months ending December 31, 2025, was ₹28,466.18 crore. The Profit Before Tax (PBT) attributable to owners of the company was ₹4,465.46 crore. The Consolidated Profit After Tax (PAT) for the period, attributable to owners, was ₹4,461.81 crore, resulting in a basic and diluted EPS of ₹27.79 for continuing operations.
Divestment Update on Russian Asset
In a further disclosure regarding portfolio rationalization, the Board provided an update on the divestment of its 50% participating interest (PI) in Licence-61, Russia, held via a wholly-owned subsidiary. The asset is currently non-performing, and the bankruptcy administration process is expected to take approximately 18 months. The company confirmed it has fully provided for its investment exposure in this asset and will maintain investment in its two other dividend-generating Russian assets, Vankorneft and Taas Yuryakh.
Key Accounting Matters and Emphasis of Matter
The financial results include notes emphasizing significant events. For standalone results, attention is drawn to the recognition of an arrear transportation income of ₹263.11 crore related to the Crude Oil forward pumping segment with NRL, covering up to March 31, 2025. Furthermore, the company is actively assessing the financial impact of the recently enacted New Labour Codes, effective November 21, 2025, with an initial assessment deemed not material. Provisions for disputed Service Tax/GST liability on royalty, including interest, total ₹4,509.98 crore up to December 31, 2025.
Segment Performance Highlights (Standalone)
The Crude Oil segment remained the dominant revenue driver, contributing ₹10,089.40 crore in revenue for the nine months. The segment delivered a Profit Before Tax and Interest of ₹2,657.16 crore. The segment results also reflect the impact of equity method accounting for Associates and Joint Ventures, showing a share of profit of ₹704.62 crore for the nine months.
Compliance and Declarations
The filing confirms that there are no deviations regarding proceeds from public issues or qualified institutional placements, and importantly, there is No Default on loans and debt securities as of the filing date. The Board Meeting for the approval commenced at 11:00 A.M. and concluded at 6:15 P.M. on February 10, 2026.
Source: BSE
