Oil India FY26 Consolidated PAT Rises 7% to ₹7,551 Cr
Oil India Limited reported audited standalone and consolidated financial results for FY26, with consolidated PAT rising 7% to ₹7,551 crore and revenue from operations reaching ₹37,049.55 crore. Standalone net profit for the year was ₹4,455.34 crore, while Q4 standalone PAT increased to ₹1,790 crore. The Board recommended a final dividend of ₹1.00 per share, taking the total dividend for the year to ₹11.50 per share. Operationally, the company achieved its highest daily crude oil production in a decade and drilled a record 74 wells.
*this image is generated using AI for illustrative purposes only.
Oil India Limited declared its audited standalone and consolidated financial results for the quarter and year ended 31st March 2026. The Board of Directors, in its meeting held on 13th May 2026, approved the results and recommended a final dividend of ₹1.00 per equity share for the financial year 2025-26, subject to shareholder approval. The Joint Statutory Auditors issued an unmodified audit opinion for both standalone and consolidated financial statements.
Standalone Financial Performance
On a standalone basis, the company reported revenue from operations of ₹21,345.94 crore for FY26, compared to ₹22,117.22 crore in the previous year. Net profit for the year stood at ₹4,455.34 crore against ₹6,114.19 crore in the prior year. Standalone PAT for Q4 FY26 came in at ₹1,790 crore, up from ₹1,591 crore in Q4 FY25, driven by a 6% increase in crude oil production and a 5% improvement in crude price realisation from USD 74.46/bbl in Q4 FY25 to USD 77.89/bbl in Q4 FY26. On a sequential basis, Q4 standalone net profit rose sharply from ₹810 crore in Q3, while revenue improved to ₹5,961 crore from ₹4,920 crore in the previous quarter. Q4 EBITDA stood at ₹1,820 crore, up from ₹1,310 crore in Q3, with the EBITDA margin expanding to 30.55% from 26.63% quarter-on-quarter.
The following table summarises key standalone financial metrics:
| Metric: | Q4 FY26 Audited | FY26 Audited | FY25 Audited |
|---|---|---|---|
| Revenue from Operations (₹ crore): | 5,960.67 | 21,345.94 | 22,117.22 |
| Total Income (₹ crore): | 7,099.82 | 24,038.58 | 23,987.07 |
| Total Expenses (₹ crore): | 5,042.82 | 18,618.72 | 16,136.12 |
| Net Profit (₹ crore): | 1,789.53 | 4,455.34 | 6,114.19 |
| Basic & Diluted EPS (₹): | 11.00 | 27.39 | 37.59 |
Sequential standalone performance is captured below:
| Q4 Standalone QoQ Metric: | Q4 FY26 | Q3 FY26 |
|---|---|---|
| Net Profit (₹ crore): | 1,790 | 810 |
| Revenue (₹ crore): | 5,961 | 4,920 |
| EBITDA (₹ crore): | 1,820 | 1,310 |
| EBITDA Margin (%): | 30.55 | 26.63 |
The Crude Oil segment remained the largest revenue contributor at ₹14,495.93 crore for FY26. The Pipeline Transportation segment profit improved significantly to ₹391.99 crore in FY26 from a loss of ₹1.65 crore in FY25.
Consolidated Financial Performance
On a consolidated basis, Oil India reported total income of ₹38,980.70 crore for FY26, up from ₹37,830.04 crore in FY25. Consolidated PAT for the full year stood at ₹7,551 crore compared to ₹7,040 crore in FY25, reflecting a 7% year-on-year growth. For Q4 FY26, consolidated PAT surged 62% to ₹2,424 crore from ₹1,497 crore in Q4 FY25.
| Metric: | Q4 FY26 Audited | FY26 Audited | FY25 Audited |
|---|---|---|---|
| Revenue from Operations (₹ crore): | 10,012.77 | 37,049.55 | 36,163.75 |
| Total Income (₹ crore): | 10,514.52 | 38,980.70 | 37,830.04 |
| Net Profit (₹ crore): | 2,424.46 | 7,550.67 | 7,039.63 |
| Basic & Diluted EPS (₹): | 12.91 | 40.70 | 40.27 |
Oil India's material subsidiary, Numaligarh Refinery Limited (NRL), achieved a robust 90% growth in PAT, rising to ₹3,057 crore in FY26 from ₹1,608 crore in FY25, with a Gross Refining Margin (GRM) of $13.43/bbl.
Operational Highlights
Oil India achieved significant operational milestones during the year, including its highest daily crude oil production of 10,566 MT in the last decade. The company drilled 74 wells and completed a record 307 workover jobs during FY26. Driven by this aggressive campaign, Oil India achieved a Reserve Replacement Ratio exceeding 1 during the year.
| Operational Metric: | Performance |
|---|---|
| Q4 FY26 Crude Oil Production: | 0.891 MMT |
| Q4 FY25 Crude Oil Production: | 0.844 MMT |
| Highest Daily Production: | 10,566 MT |
| Wells Drilled (FY26): | 74 nos (highest ever) |
| Workover Jobs Completed (FY26): | 307 nos (highest ever) |
| Reserve Replacement Ratio: | Exceeding 1 |
Dividend and Corporate Developments
The Board recommended a final dividend of ₹1.00 per equity share for FY26, in addition to the interim dividends of ₹3.50 and ₹7.00 per share paid earlier. The final dividend, representing 10% of paid-up equity share capital, is subject to shareholder approval at the ensuing Annual General Meeting and will be paid within 30 days from the date of declaration. The Board also approved a Joint Venture Agreement between OIL Green Energy Limited and Hindustan Waste Treatment Private Limited to develop Compressed Biogas Projects. Additionally, a Joint Venture Company, "Arunachal Gas Private Limited", was incorporated on 15th November 2025.
Historical Stock Returns for Oil India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.29% | +6.42% | +7.60% | +14.95% | +21.77% | +484.69% |
How might sustained crude oil price volatility in FY27 impact Oil India's ability to maintain the Q4 FY26 EBITDA margin of 30.55% given the significant standalone net profit decline year-on-year?
What is the timeline and expected capital outlay for the Compressed Biogas JV with Hindustan Waste Treatment, and how significantly could it contribute to Oil India's renewable energy revenue mix over the next 3-5 years?
With the cumulative disputed Service Tax/GST provision on royalty reaching ₹4,753.77 crore, what is the potential financial impact if the litigation is resolved unfavorably, and could it threaten the company's dividend sustainability?
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