Oil India Q4: PAT jumps 62% YoY to ₹2,424 crore; dividend details

The earnings were released post-market hours.

Oil India's financial results

The state-run company reported a 62% jump in consolidated fourth quarter profit (Q4 FY26), helped by higher crude oil production and improved price realisation.

The explorer posted a consolidated profit after tax (PAT) of ₹2,424 crore for Q4 FY26, compared with ₹1,497 crore a year earlier, the company said in a statement.

Further, OIL achieved a standalone PAT of ₹1,790 crore in Q4 FY26 against ₹1,591 crore logged in Q4 FY25.

The Q4 profit rise was supported by a 6% increase in crude oil production and higher crude price realisation at $77.89 per barrel versus $74.46 per barrel in the year-ago quarter.

Full-year consolidated profit rose to ₹7,551 crore from ₹7,040 crore registered in FY25.

Dividend update

The company's board has recommended a final dividend of ₹1.00 per equity share (face value of ₹10 per equity share). This is in addition to the first and second interim dividends of ₹3.50 per equity share and ₹7.00 per equity share, respectively, paid during the year.

The recommended dividend is subject to approval of the shareholders at the ensuing annual general meeting (AGM).

"The final dividend 2025-26 would be paid within 30 days from the date of its declaration at the AGM. The record date for payment of the final dividend would be fixed and intimated in due course," OIL said.

What the company said

Oil India said crude oil production from its mature fields rose to 0.891 million tonnes in the March quarter from 0.844 million tonnes a year earlier. The company also reported its highest daily crude output in a decade and drilled a record 74 wells during FY26.

Its subsidiary, Numaligarh Refinery, posted a 90% rise in FY26 profit to ₹3,057 crore, with gross refining margins (GRMs) of $13.43 per barrel.

"OIL has achieved the highest daily production of 10,566 tonnes of crude oil, which is the highest daily production during the last decade,” the press release said.

The company stated it drilled 74 wells during the year, marking the highest-ever achievement.

The company also completed a record 307 workover jobs during the year, which is the highest achievement ever, the statement said.

"Driven by an aggressive drilling and workover campaign, the company achieved a reserve replacement ratio exceeding 1 during the year,” the statement added.

Other key updates

In its filing to exchanges, Oil India said its board has approved a joint venture agreement (JVA) between OIL Green Energy Limited (a wholly owned subsidiary of OIL) and Hindustan Waste Treatment Private Limited (HWTPL) to form a Joint Venture Company (JVC) to act as an execution vehicle for the development, implementation, and operation of Compressed Biogas (CBG) projects.

About Oil India (OIL)

Oil India (OIL) is a leading public sector "Maharatna" company operating under the Ministry of Petroleum and Natural Gas. As the second-largest national upstream oil and gas company, it specialises in the exploration, development, and production of crude oil and natural gas, as well as pipeline transportation and LPG production.