Oil India Q2 results: Profit falls 21% to ₹2,259 crore; margin contracts; interim dividend declared

Résumé détaillé

On a year-on-year (YoY) basis, however, standalone net profit more than doubled, rising 116% from ₹1,044 crore in Q2FY26. The company attributed the increase to a 20% rise in…

Oil India reported a 21.3% quarter-on-quarter (QoQ) decline in standalone net profit to ₹2,259.42 crore for the September quarter from ₹2,870.21 crore in the June quarter.

Revenue from operations, net of excise duty, rose 1.4% QoQ to ₹8,071.2 crore from ₹7,958.1 crore. Earnings before interest, tax, depreciation and amortisation (EBITDA) declined 26.5% to ₹3,001 crore from ₹4,084 crore in the previous quarter.

On a year-on-year (YoY) basis, however, standalone net profit more than doubled, rising 116% from ₹1,044 crore in Q2FY26. The company attributed the increase to a 20% rise in crude oil production and a 35% increase in crude oil price realisation, which climbed to $92.24 per barrel from $68.19 per barrel in the year-ago quarter.

On a consolidated basis, Oil India's net profit increased 53% YoY to ₹2,520.57 crore in Q2FY27 from ₹1,643.81 crore in the corresponding quarter last year. Consolidated revenue from operations stood at ₹11,914.8 crore, compared with ₹9,175.47 crore a year ago.

For the first half of FY27, consolidated net profit rose 77% to ₹6,547.7 crore from ₹3,690.32 crore in the corresponding period last year.

Oil India produced 1.021 million metric tonnes (MMT) of crude oil in Q2 FY27, compared with 0.848 MMT in the year-ago quarter. The company recorded its highest daily crude oil production in a decade at 11,300 metric tonnes on September 29, 2026.

During the first half of FY27, the company drilled 42 wells, its highest-ever half-year drilling performance.

Its material subsidiary, Numaligarh Refinery Limited (NRL), reported crude throughput of 803 thousand metric tonnes (TMT) in Q2 FY27, up from 753 TMT in the corresponding quarter last year. NRL's gross refining margin for the first half of FY27 rose to $28.24 per barrel from $7.73 per barrel a year ago.

The company's board declared an interim dividend of ₹7 per equity share of face value ₹10 for FY27. November 20, 2026, has been fixed as the record date, and the dividend will be paid on or before…

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