Oil India Limited Reports 62% Growth in Consolidated PAT for FY26

Oil India Limited Reports 62% Growth in Consolidated PAT for FY26​

Oil India Limited, a Maharatna CPSE of the Government of India, announced its financial results for the fiscal year ending March 31, 2026, during its 580th Board of Directors meeting held on May 13, 2026. The company reported significant growth in its Profit After Tax (PAT), driven by robust operational performance and increased crude price realization.

Consolidated Financial Performance​

For the quarter ending March 2026 (Q4 FY26), Oil India Limited achieved a growth of 62% in consolidated PAT, recording ₹ 2,424 crore compared to ₹ 1,497 crore in Q4 FY25. Over the full fiscal year 2026, the consolidated PAT reached ₹ 7,551 crore, marking an increase from ₹ 7,040 crore in the previous fiscal year.

The company also recommended a final dividend of ₹ 1.00 per equity share (with a face value of ₹ 10 per equity share). This dividend is in addition to the first interim dividend of ₹ 3.50 per equity share and the second interim dividend of ₹ 7.00 per equity share paid earlier in the year.

Standalone PAT and Crude Price Realization​

On a standalone basis, OIL posted a PAT of ₹ 1,790 crore in Q4 FY26. This figure was compared to ₹ 1,591 crore recorded in Q4 FY25. The increase was attributed to a 6% rise in crude oil production and a 5% jump in crude price realization. Crude prices increased from USD 74.46/bbl in Q4 FY25 to USD 77.89/bbl in Q4 FY26.

Operational Highlights and Energy Security​

The company highlighted its sustained commitment to ensuring the Nation's Energy Security through record operational achievements.

During Q4 FY26, OIL produced 0.891 MMT of crude oil from its matured and old oilfields, up from 0.844 MMT recorded in Q4 FY25. Operationally, the company set several records:

• Daily Production: Achieved a daily crude oil production of 10,566 MT, marking the highest daily output in the last decade.
• Drilling: Drilled 74 wells during the year, the highest achievement ever recorded.
• Workover Jobs: Completed a record 307 workover jobs, also a historic high.

These efforts, powered by an aggressive drilling and workover campaign, resulted in the Company achieving a Reserve Replacement Ratio exceeding 1 during the year.

Subsidiary Performance​

Oil India Limited's material subsidiary, NRL, also demonstrated robust growth. NRL's Profit After Tax grew by 90%, reaching ₹ 3,057 crore in FY26. This is significantly higher than the ₹ 1,608 crore reported in FY25, accompanied by a Gross Revenue Margin (GRM) of $ 13.43/bbl.

OIL Stock Price Movement​

Today, Oil India Limited shares edged higher, closing at ₹507.1, representing a notable 2.86% gain for the session. The stock saw solid conviction in the market, with total trading volumes reaching 10.30 million shares.