New Delhi: Oil India Limited has posted an impressive financial and operational performance for the fourth quarter of FY26, reporting a massive 62% year-on-year jump in consolidated Profit After Tax (PAT) to ₹2,424 crore. The state-owned Maharatna company also achieved its highest daily crude oil production in the last ten years along with record-breaking drilling and workover operations.
The company announced its Q4 FY26 results on Wednesday and declared a final dividend of ₹1 per equity share for shareholders.
Oil India Q4 FY26 Financial Results
Oil India delivered strong growth across key financial metrics during the January–March 2026 quarter.
Key Consolidated Financial Highlights
- Q4 FY26 Consolidated PAT: ₹2,424 crore
- Up 62% from ₹1,497 crore in Q4 FY25
- FY26 Full-Year Consolidated PAT: ₹7,551 crore
- Up 7% from ₹7,040 crore in FY25
- Standalone Q4 PAT: ₹1,790 crore
- Compared to ₹1,591 crore in Q4 FY25
Sequential (QoQ) Performance Highlights
- Net Profit: ₹2,100 crore
- Up 75.5% from ₹1,195 crore
- Revenue: ₹10,013 crore
- Up 9.9% from ₹9,111 crore
- EBITDA: ₹3,281 crore
- Up 30.7% from ₹2,510 crore
- EBITDA Margin: 32.8%
- Improved from 27.5%
The strong performance was mainly driven by higher crude oil production, improved price realizations, and aggressive operational activities.
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Record Crude Oil Production and Drilling Achievements
Oil India achieved several historic operational milestones during FY26, showcasing strong execution in exploration and production activities.
Highest Daily Crude Oil Production in 10 Years
The company recorded its highest daily crude production in the past decade at:
- 10,566 metric tonnes per day (MT/day)
Quarterly Crude Oil Production Growth
- Q4 FY26 Production: 0.891 MMT
- Q4 FY25 Production: 0.844 MMT
- Growth: 6%
Better Crude Oil Realization
Oil India also benefited from stronger crude prices:
- Average Crude Realization Q4 FY26: USD 77.89 per barrel
- Q4 FY25: USD 74.46 per barrel
- Increase: 5%
Oil India Achieves Record Well Drilling and Workover Jobs
The company highlighted its aggressive field development strategy, which helped improve production from mature oilfields.
Operational Records Set in FY26
- 74 wells drilled during FY26
- Highest-ever annual drilling achievement
- 307 workover jobs completed
- Highest-ever workover performance
- Reserve Replacement Ratio (RRR) remained above 1, indicating sustainable reserve growth through continuous exploration and drilling activities.
The company stated that advanced technology interventions and intensive workover campaigns played a key role in improving output from aging oilfields.
Final Dividend of ₹1 Announced
Oil India’s Board of Directors recommended a final dividend of ₹1 per equity share (face value ₹10) for FY26. The dividend is subject to shareholder approval at the upcoming Annual General Meeting (AGM).
Total Dividends Declared for FY26
- 1st Interim Dividend: ₹3.50 per share
- 2nd Interim Dividend: ₹7.00 per share
- Final Dividend Proposed: ₹1.00 per share
The final dividend will be paid within 30 days after approval at the AGM.
Numaligarh Refinery Delivers Exceptional Growth
Oil India’s subsidiary Numaligarh Refinery Limited also reported outstanding performance during FY26.
NRL FY26 Performance Highlights
- PAT: ₹3,057 crore
- Up 90% from ₹1,608 crore in FY25
- Gross Refining Margin (GRM): $13.43 per barrel
The strong refining margins significantly boosted the subsidiary’s profitability during the year.
Oil India Expands Green Energy Portfolio
The company’s board also approved a joint venture agreement between:
- OIL Green Energy Limited
- Hindustan Waste Treatment Pvt. Ltd.
The new joint venture company will focus on the development and operation of Compressed Biogas (CBG) projects, strengthening Oil India’s push toward clean and sustainable energy solutions.
Oil India Share Price Rises After Strong Q4 Results
Following the announcement of strong quarterly earnings, Oil India shares witnessed buying interest in the stock market.
- Oil India Share Price: Closed 3.29% higher at ₹507.10
- Nifty 50 Gain: 0.14%
Investors reacted positively to the company’s improved profitability, operational achievements, and shareholder-friendly dividend announcement.
Management Focuses on India’s Energy Security
Oil India stated that its consistent operational efforts are helping strengthen India’s energy security. The company emphasized that mature and aging oilfields are performing efficiently due to technology upgrades and strategic field operations.
The management reiterated its commitment to increasing domestic crude oil production while also expanding into cleaner and renewable energy businesses.
About Oil India Limited
Oil India Limited is a Maharatna public sector enterprise under the Government of India and one of the country’s leading oil and gas exploration and production companies. Headquartered in Noida, the company is engaged in the exploration, development, and production of crude oil and natural gas, with operations across India and several international locations.
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