Oil India Limited, a Maharatna CPSE under the Government of India, announced its financial results for FY2025-26 during the 580th Board Meeting held on May 13, 2026.
The company reported a 7% growth in consolidated Profit After Tax (PAT) at ₹7,551 crore for the financial year ended March 31, 2026, compared to ₹7,040 crore in FY25. In the fourth quarter of FY26, consolidated PAT surged by 62% to ₹2,424 crore against ₹1,497 crore recorded in Q4 FY25.
On a standalone basis, OIL posted a PAT of ₹1,790 crore in Q4 FY26 compared to ₹1,591 crore in the corresponding quarter last year. The growth was driven by a 6% increase in crude oil production and improved crude price realization, which rose from USD 74.46 per barrel in Q4 FY25 to USD 77.89 per barrel in Q4 FY26.
The Board of Directors recommended a final dividend of ₹1.00 per equity share (face value ₹10 each). This comes in addition to the first and second interim dividends of ₹3.50 and ₹7.00 per equity share already paid during the financial year.
Strengthening India’s energy security efforts, the company produced 0.891 million metric tonnes (MMT) of crude oil from its mature and aging oilfields during Q4 FY26, compared to 0.844 MMT in Q4 FY25.
OIL also achieved several operational milestones during FY26:
- Highest daily crude oil production in the last decade at 10,566 metric tonnes
- Record drilling of 74 wells
- Highest-ever completion of 307 workover jobs
- Reserve Replacement Ratio exceeding 1 due to aggressive drilling and workover campaigns
The company’s material subsidiary, Numaligarh Refinery Limited (NRL), also delivered a strong performance with a 90% jump in PAT, rising to ₹3,057 crore in FY26 from ₹1,608 crore in FY25. NRL reported a Gross Refining Margin (GRM) of USD 13.43 per barrel.
Industry analysts believe OIL’s strong operational performance and increased production levels position the company for sustained growth amid rising energy demand and expanding exploration activities.
