Oil India Limited reported a strong financial performance for the year ending March 31, 2026, achieving a consolidated profit of ₹7,551 crore. The company saw a 62% growth in consolidated profit after tax for the fourth quarter, driven by increased crude oil production and higher price realizations. Alongside financial success, the company set new operational benchmarks, completing a record 74 wells and 307 workover jobs to bolster national energy security.
Financial Performance Highlights
For the quarter ended March 31, 2026, Oil India Limited recorded a significant 62% growth in consolidated profit after tax (PAT), reaching ₹2,424 crore compared to ₹1,497 crore in the corresponding period of the previous year. The standalone PAT for the quarter stood at ₹1,790 crore, supported by a 6% increase in crude oil production and a rise in price realization to USD 77.89/bbl.
Operational Milestones
The company demonstrated strong operational efficiency throughout the fiscal year. It achieved its highest daily crude oil production in a decade, hitting 10,566 MT. Notably, the firm completed the drilling of 74 wells and executed 307 workover jobs, both representing the highest-ever figures in the company’s history. These efforts resulted in a Reserve Replacement Ratio exceeding 1 for the year, underscoring a successful and aggressive exploration and maintenance campaign.
Dividend and Subsidiary Performance
Reflecting on the successful fiscal year, the Board of Directors has recommended a final dividend of ₹1.00 per equity share. This follows the 1st and 2nd interim dividends of ₹3.50 and ₹7.00 per share, respectively, already paid out during the year. Furthermore, the company’s material subsidiary, Numaligarh Refinery Limited (NRL), showcased robust growth with a 90% increase in PAT to ₹3,057 crore, supported by a Gross Refinery Margin (GRM) of $13.43/bbl.
Source: BSE
