New Delhi: State-owned Oil India Ltd (OIL) on Wednesday reported a 21% decline in net profit for the January–March quarter of FY25, citing lower oil and gas prices. The company posted a standalone net profit of ₹1,591.48 crore, down from ₹2,028.83 crore in the same period last year.
Revenue for the quarter also dipped to ₹6,182.79 crore, compared to ₹6,589.91 crore in Q4 FY24, according to a filing with the stock exchanges.
Despite the dip in quarterly performance, the company ended FY25 on a high, recording several operational and financial milestones, including its highest-ever annual combined oil and gas production and a 10.13% increase in full-year net profit.
FY25 Highlights: Record Output and Profit Growth
Oil India declared its financial results following its 568th Board of Directors meeting held on May 21, 2025.
- Net Profit (FY25): ₹6,114.19 crore, up 10.13% year-on-year
- Earnings Per Share (EPS): ₹37.59 per share vs ₹34.13 in FY24
- Total Oil & Gas Production: 6.71 million metric tonnes of oil equivalent (MMTOE) – highest-ever in company history
- Crude Oil Production: 3.458 million tonnes, up 2.95%
- Natural Gas Production: 3.252 billion cubic metres (BCM), up 2.20%
- CAPEX Utilisation: ₹8,467.33 crore, up 123.07% year-on-year
The company attributed its strong annual performance to sustained production from mature oilfields and enhanced capital expenditure focus.
Dividends and Shareholder Returns
The Board of Directors recommended a final dividend of ₹1.50 per equity share (face value ₹10). This is in addition to a 100% interim dividend already paid earlier during the financial year.
Commitment to Energy Security
In a post-result statement, the company reaffirmed its commitment to bolstering India’s energy security, citing consistent efforts to sustain and enhance production from mature assets and to ramp up capital investments across exploration and infrastructure.
“OIL continues to deliver value while supporting national energy needs,” the statement said.
