New Delhi, Feb 10: Oil India Limited (OIL), a Maharatna CPSE of the Government of India, reported its financial results for Q3FY26 during the Board of Directors meeting on February 10, 2026.
The company maintained a consolidated Profit After Tax (PAT) of ₹ 1,436 crore for Q3FY26, slightly down from ₹ 1,457 crore in Q3FY25. For the nine months ending December 31, 2025, consolidated PAT was ₹ 5,126 crore, compared to ₹ 5,543 crore in the previous year.
OIL’s standalone PAT decreased to ₹ 808 crore in Q3FY26 from ₹ 1,222 crore in Q3FY25, attributed to a significant decline in crude oil price realization, which fell from USD 73.82 per barrel in Q3FY25 to USD 62.84 per barrel in Q3FY26—a drop of 15%.
The Board declared an Interim Dividend of ₹ 7.00 per fully paid-up equity share, in addition to a first interim dividend of ₹ 3.50. In terms of production, OIL produced 1.659 million metric tons of oil and gas (O+OEG) in Q3FY26, a slight decrease from 1.697 million metric tons in Q3FY25. Notably, the company achieved its highest daily crude oil production in the last decade at 9,861 MT on December 31, 2025.
OIL’s subsidiary, Numaligarh Refinery Limited (NRL), posted an impressive 125% increase in PAT, which rose to ₹ 867 crore in Q3FY26 from ₹ 385 crore in Q3FY25, with a gross refining margin (GRM) of $16.27 per barrel. Additionally, NRL was awarded “Navratna” status, reflecting its strong financial performance and key role in enhancing India’s energy security.
