Oil India Limited (OIL) announced its financial results for the quarter ending December 31, 2025 (Q3FY26). Consolidated Profit After Tax (PAT) stood at ₹1,436 crore, slightly down from ₹1,457 crore in Q3FY25. Concurrently, the Board declared a second interim dividend of ₹7.00 per share, adding to the earlier ₹3.50 dividend. Production efforts also saw crude oil production hit a decade high of 9,861 MT daily.
Q3FY26 Financial Highlights
Oil India Limited, a Maharatna CPSE, declared its results following the Board meeting held on February 10, 2026. The company sustained its consolidated Profit After Tax (PAT) at ₹1,436 crore in Q3FY26, compared to ₹1,457 crore in the corresponding period last year (Q3FY25). For the first nine months ending December 31, 2025, the consolidated PAT was ₹5,126 crore, against ₹5,543 crore previously.
On a standalone basis, the Q3FY26 PAT was ₹808 crore, down from ₹1,222 crore in Q3FY25. This variance was attributed to a significant drop in crude price realization, which fell 15% from USD 73.82/bbl in Q3FY25 to USD 62.84/bbl in Q3FY26.
Dividend Declaration
In a positive move for shareholders, the Board of Directors approved the declaration of a second interim dividend of ₹7.00 per fully paid-up equity share. This is in addition to the first interim dividend of ₹3.50 per share already paid out, bringing the total interim dividend declared for the year to ₹10.50 per share.
Operational Performance and Energy Security
OIL continued its focus on national energy security, producing 1.659 MMTOE of Oil & Gas (O+OEG) in Q3FY26, slightly lower than 1.697 MMTOE in Q3FY25 from its mature fields.
A major operational highlight was achieving a daily crude oil production of 9,861 MT on December 31, 2025, marking the highest daily output in the last decade. Furthermore, the material subsidiary, NRL, delivered robust performance, with its Profit After Tax rising 125% to ₹867 crore in Q3FY26 (up from ₹385 crore in Q3FY25), achieving a Gross Refining Margin (GRM) of $16.27/bbl.
The quarter also saw NRL conferred with “Navratna” status, recognizing its strong financial growth and vital role in India’s energy sector.
Source: BSE
