Oil India Limited has announced its financial results for the third quarter ended December 31, 2025, reporting a consolidated profit after tax of ₹1,436 crore. The Board of Directors, in their 577th meeting held on February 10, 2026, also declared a second interim dividend of ₹7 per share for the financial year 2025-26.

Consolidated Financial Performance

The company maintained steady consolidated performance with PAT of ₹1,436 crore in Q3FY26 compared to ₹1,457 crore in Q3FY25. For the nine months ended December 31, 2025, consolidated PAT stood at ₹5,126 crore against ₹5,543 crore in the corresponding previous period.

Standalone Financial Results

On a standalone basis, the company reported a net profit of ₹808 crore in Q3FY26 compared to ₹1,222 crore in Q3FY25. The decline was primarily attributed to a sharp drop in crude price realization from USD 73.82 per barrel in Q3FY25 to USD 62.84 per barrel in Q3FY26, representing a 15% decrease.

Production Performance and Energy Security

The company produced 1.659 MMTOE of Oil & Gas production from its matured oilfields in Q3FY26 compared to 1.697 MMTOE in Q3FY25. Notably, Oil India achieved its highest daily crude oil production in the last decade, reaching 9,861 MT on December 31, 2025.

Subsidiary Performance - NRL Achievement

Oil India's material subsidiary Numaligarh Refinery Limited (NRL) delivered exceptional performance with a robust 125% growth in profit after tax, rising to ₹867 crore in Q3FY26 from ₹385 crore in Q3FY25. NRL achieved a Gross Refining Margin (GRM) of USD 16.27 per barrel during the quarter.

Dividend Declaration and Corporate Recognition

The Board approved a second interim dividend of ₹7 per equity share for FY2025-26, in addition to the first interim dividend of ₹3.50 per share paid earlier. The total interim dividend for the year reaches ₹10.50 per share, with the record date set for February 18, 2026, and payment scheduled on or before March 11, 2026.

During the quarter, NRL was conferred with "Navratna" status, acknowledging its strong financial performance, rapid growth, and crucial role in strengthening India's energy security.

Strategic Asset Rationalization

As part of its international asset portfolio rationalization strategy, the Board has approved the divestment of its 50% participating interest in Licence-61, Russia, held through its wholly owned subsidiary, Oil India International B.V., Netherlands. The asset is non-performing, with production suspended since August 2022. The company has fully provided for its investment exposure and will continue to remain invested in other two producing assets in Russia namely, Vankorneft and Taas Yuryakh which are producing and generating dividends.

The Russian Foreign Ministry has issued a strong defense of India's continued purchase of Russian oil, describing the trade relationship as beneficial to both nations and crucial for global energy market stability.

Official Russian Position on Energy Trade

Russian officials emphasized that India's oil purchases serve multiple strategic purposes beyond bilateral trade benefits. The Foreign Ministry specifically highlighted how this energy partnership contributes to maintaining stability in the international energy market during a period of global uncertainty.

Energy Market Stability Focus

The Russian Foreign Ministry's statement underscores the broader implications of the India-Russia energy trade beyond bilateral economic benefits. Officials positioned the oil trade as a stabilizing force in international energy markets, suggesting that such partnerships help maintain global energy security.

This official position reflects Russia's view that energy trade relationships with major consumers like India play a crucial role in supporting overall market stability. The statement indicates Russia's commitment to maintaining these energy partnerships as part of its broader international trade strategy.

Bilateral Trade Benefits

The Foreign Ministry's characterization of the oil trade as "beneficial to both countries" highlights the mutual advantages both nations derive from their energy partnership. This positioning suggests that Russia views the relationship as strategically important for both economic and geopolitical reasons.

The official statement reinforces Russia's perspective that energy trade with India represents a win-win arrangement that serves the interests of both countries while contributing to broader international energy market stability.