https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

Result: Oil India Posts Flat Q1 Net Profit Amid Falling Crude Prices; Reports Discovery in Assam, Gas Output in Rajasthan

Oil India Holds Ground in Q1 with Rs 2,046 Cr Profit, Operational Gains Reported. OIL Sees Q1 Net Profit Flat Despite Discoveries in Assam, Rajasthan Output
Indian Masterminds Stories

New Delhi: State-owned Oil India Limited (OIL) on Tuesday reported an almost flat year-on-year net profit for the April–June quarter of FY 2025–26, impacted by a significant drop in crude oil prices. Despite the subdued financials, the company announced key operational developments, including a hydrocarbon discovery in Assam and the commencement of gas production from a Rajasthan block.

Net Profit Growth Muted by Falling Crude Prices

OIL’s consolidated net profit stood at Rs 2,046.51 crore in Q1 FY26, marginally up from Rs 2,016.30 crore in the same quarter last year, as per a company statement.

Read Also: ONGC, Oil India Ink Joint Pact for 3 OALP-IX Blocks Across Indian Basins Covering 10,964 Sq Km – Details Inside

However, the standalone net profit sharply declined to Rs 813.48 crore, down from Rs 1,466.84 crore in Q1 FY25. The company attributed the decline to a steep 22% fall in crude price realization, which dropped from USD 84.89 per barrel to USD 66.20 per barrel.

Production Slightly Down, Key Operational Milestones Achieved

Oil and gas production volumes for the quarter were 1.680 million tonnes of oil and oil equivalent gas, compared to 1.689 million tonnes in the corresponding period last year.

Despite the marginal decline in production, OIL reported important developments

  • A hydrocarbon discovery at the Namrup-Borhat OALP block in Assam
  • Commencement of gas production from the Bakhritibba Discovered Small Field (DSF) block in Jaisalmer district, Rajasthan
  • These moves are expected to bolster the company’s reserves and future output.

NRL Maintains Strong Throughput

OIL’s subsidiary, Numaligarh Refinery Ltd (NRL), maintained strong operational momentum, with crude throughput at 7,99,000 tonnes in Q1 FY26, up from 7,64,000 tonnes a year earlier – a positive indicator of downstream performance despite upstream pricing pressures.

Outlook

While global crude prices remain volatile, OIL’s exploration-led strategy and consistent refinery performance provide a degree of stability. The company’s recent discovery and operational gains signal potential for recovery in subsequent quarters, contingent on pricing trends and production efficiency.

About Oil India

Oil India Limited (OIL) is a leading Indian state-owned energy company, holding “Maharatna” status, engaged in the exploration and production of crude oil and natural gas, with a legacy spanning over six decades. It also produces Liquefied Petroleum Gas (LPG) and is involved in the transportation of crude oil and refined petroleum products through pipelines, holding a significant share in the country’s total crude oil and natural gas production.


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
T-SATS defence innovation
CDS Inaugurates Tri Services Academia Technology Symposium (T-SATS) to Boost Defence Innovation and Collaboration with Academia
SPARSH defence pension
SPARSH Transforms Defence Pension Management: Resolves 87% Legacy Cases, Cuts Grievance Redressal Time by 64%
Gujarat folk art PM mementos
Gujarat Showcases Iconic Folk Art in 7th PM Mementos e-Auction Supporting Namami Gange
Vandana Gupta
Who is Vandana Gupta? Senior IP&TAFS Officer Takes Charge as Controller General of Communication Accounts
COAL-GST
Coal Sector Gets a Boost: GST Reforms Remove Compensation Cess, Align With Aatmanirbhar Bharat Vision
Pawan-K-Godatwar-696x392
Dr. Pawan K. Godatwar’s Tenure Extended as WHO-SEARO Technical Officer for Traditional Medicine Till 2026
India Morocco defence MoU
India and Morocco Sign Defence Cooperation MoU to Boost Strategic, Industrial, and Maritime Ties
Swati Gupta PCS officer
Who Is Swati Gupta? Meet the UP PCS Officer, Tech Graduate, and Viral Social Media Influencer – Why She’s Trending for Facebook Fame
ADVERTISEMENT
ADVERTISEMENT
Videos
Siddhartha Saxena UPSC CAPF
How Siddhartha Saxena Cracked UPSC CAPF AIR 326 Against All Odds
Dr. S.K
Technology Meets Ecology: IFS Dr S K Srivastava’s Game-Changing Innovations in Forest Management | Eco Warrior Awards 2025 Interview
IFS Uttam Kumar Sharma Interview
From Extinction to Exhilaration: The Untold Story and Future Vision of Project Cheetah | Led by IFS Uttam Kumar Sharma | Eco Warrior Awards 2025
ADVERTISEMENT
UPSC Stories
Devanshu Shivhare MPPSC
How This Commercial Tax Inspector Topped MPPSC 2024: Devanshu Shivhare’s 5-Year Journey to Rank 1 | Exclusive Interview
Devanshu Shivhare secured AIR 1 in MPPSC 2024 in his fourth attempt while working full-time. His disciplined,...
Ishwarlal Gurjar UPSC
10th Grade Failure to Indian Police Service: Ishwarlal Gurjar’s UPSC Success Path
Read the inspiring journey of Ishwarlal Gurjar from a small village in Rajasthan to becoming an IPS officer....
IAS Minnu P M
“Lazy, Sleepy, Yet Determined”: Minnu P M’s Honest Take on Cracking UPSC
Minnu PM, once a clerk in Kerala Police, cleared UPSC with AIR 150 after five years of struggle. Her...
Social Media
World Rhino Day India
On World Rhino Day, IFS Officer Parveen Kaswan Shares Rare Insights - India Now Hosts 80% of the World’s One-Horned Rhinos
September 22 Marks Global Call for Rhino Conservation; India Holds 80% of World’s Greater One-Horned...
Parag Madhukar Dhakate
Relentless Rains Wreak Havoc in Dehradun: IFS officer PM Dhakate Warns Citizens Amid Flash Floods
Cloudbursts in Dehradun triggered flash floods. IFS officer Dr. PM Dhakate warned citizens to stay indoors...
Forest Guard Tiger Encounter
Tigers Clash in the Wild as Forest Guards Capture Rare Footage , Retired IFS Mohan Pargaien Posts Viral Video
Retired IFS officer Mohan Pargaien shares viral video of three tigers brawling in Ramnagar, as forest...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
WhatsApp Image 2025-09-22 at 16.06
How IFS Officer Vejayanantham TR Turned South Betul into a High-Tech Fortress
T-SATS defence innovation
CDS Inaugurates Tri Services Academia Technology Symposium (T-SATS) to Boost Defence Innovation and Collaboration with Academia
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
Siddhartha Saxena UPSC CAPF
Dr. S.K
IFS Uttam Kumar Sharma Interview
ADVERTISEMENT
ADVERTISEMENT