Oil India Limited has announced a senior management transition with the upcoming superannuation of its Executive Director (Business Development). The company communicated this development to stock exchanges in compliance with regulatory disclosure requirements.

Senior Management Transition

The company has informed that Shri Ranjan Goswami, who serves as Executive Director (Business Development), will be superannuating from his position on February 28, 2026. This position is classified as senior management, representing one level below the Board of Directors in the organizational structure.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The notification was formally communicated to both the National Stock Exchange of India Limited and BSE Limited on February 27, 2026.

The disclosure was signed by A.K. Sahoo, Company Secretary & Compliance Officer, ensuring proper adherence to corporate governance and transparency requirements. Oil India Limited, being a Government of India enterprise with its registered office in Duliajan, Assam, maintains regular communication with stakeholders regarding significant organizational changes.

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.