Oil India Limited has announced its Q2FY26 financial results, reporting a consolidated turnover of ₹9,175 Crore. While turnover increased year-over-year, standalone PAT decreased to ₹1,044 Cr due to lower crude price realization. The Board has declared an interim dividend of ₹3.50 per share. NRL, its subsidiary, also achieved significant capacity utilization.
Financial Performance Highlights
Oil India Limited (OIL) has released its Q2FY26 results, showcasing a robust consolidated turnover of ₹9,175 Crore compared to ₹8,136 Cr in Q2FY25. However, the company’s standalone Profit After Tax (PAT) stood at ₹1,044 Cr in Q2FY26, a decrease from ₹1,834 Cr in Q2FY25. This decline is primarily attributed to a sharp drop in crude oil price realization, which fell from USD 79.33/bbl to USD 68.19/bbl, representing a 14% decrease.
Interim Dividend Announcement
The Board of Directors has recommended an interim dividend of ₹3.50 per fully paid equity share. This decision reflects the company’s commitment to delivering value to its shareholders.
Operational Performance
In terms of production, Oil India produced 1.652 MMTOE of O+OEG (Oil and Oil Equivalent of Gas) in Q2FY26, slightly lower than the 1.674 MMTOE in Q2FY25.
NRL Performance
OIL’s subsidiary, Numaligarh Refinery Limited (NRL), demonstrated strong performance with crude throughput at 753 TMT during Q2FY26, compared to 683 TMT in Q2FY25. This translates to a capacity utilization of 100.38%.
Key Developments
During the quarter, NRL inaugurated India’s first 2G bioethanol plant that uses bamboo as feedstock, marking a significant milestone. OIL also achieved mechanical completion for the upgradation of facilities of the Numaligarh-Siliguri Product Pipeline (NSPL). Additionally, the force majeure on Area-1 Offshore LNG Block in Mozambique, where OIL holds a 4% interest, has been lifted in November 2025.
Source: BSE