New Delhi, May 14: Oil India Limited (OIL) reported a strong financial performance for FY26, driven by higher crude production, improved price realisation, and operational efficiency gains.
The company posted a 62% year-on-year increase in consolidated profit after tax (PAT) for Q4 FY26 at ₹2,424 crore, compared to ₹1,497 crore in the corresponding quarter last year. For the full fiscal year ended March 31, 2026, consolidated PAT rose to ₹7,551 crore from ₹7,040 crore in FY25, reflecting steady earnings growth.
On a standalone basis, Q4 PAT stood at ₹1,790 crore, up from ₹1,591 crore a year earlier. The growth was supported by a 6% increase in crude oil production and a 5% rise in crude price realisation, with average prices improving from $74.46 per barrel to $77.89 per barrel.
The Board has recommended a final dividend of ₹1 per equity share (face value ₹10), in addition to interim dividends of ₹3.50 and ₹7.00 per share already paid during the fiscal, taking total shareholder payout to ₹11.50 per share for FY26.
Operationally, the company continued to strengthen its upstream performance. Crude oil production from mature fields rose to 0.891 million metric tonnes (MMT) in Q4 FY26, compared to 0.844 MMT in Q4 FY25. OIL also achieved its highest daily crude output in a decade at 10,566 metric tonnes.
The company recorded its highest-ever drilling activity with 74 wells completed during the year, alongside a record 307 workover operations. Backed by this aggressive campaign, OIL achieved a reserve replacement ratio above 1, indicating sustainable resource replenishment.
Its subsidiary, Numaligarh Refinery Limited (NRL), delivered a robust performance, with PAT surging 90% year-on-year to ₹3,057 crore in FY26 from ₹1,608 crore in FY25. The refinery reported a gross refining margin (GRM) of $13.43 per barrel, underscoring strong refining economics.
Overall, OIL’s FY26 performance highlights a combination of earnings growth, operational milestones, and consistent shareholder returns, reinforcing its strategic role in India’s energy security framework.
