Oil India Limited, a Maharatna CPSE, reported a solid financial and operational performance for FY2025–26, backed by record drilling activity and improved production metrics.
In its 580th Board meeting, the company announced that consolidated Profit After Tax (PAT) jumped 62% year-on-year to Rs. 2,424 crore in Q4 FY26 compared to Rs. 1,497 crore in Q4 FY25. For the full year ended 31 March 2026, consolidated PAT stood at Rs. 7,551 crore, up from Rs. 7,040 crore in previous fiscal.
On a standalone basis, OIL posted a PAT of Rs. 1,790 crore in Q4 FY26 versus Rs. 1,591 crore in Q4 FY25, supported by higher crude oil output and improved price realisation. Crude production rose by 6%, while realisation increased 5%, moving from USD 74.46 per barrel in Q4 FY25 to USD 77.89 per barrel in Q4 FY26.
The Board has recommended a final dividend of Rs. 1.00 per equity share (face value Rs. 10), over and above the first and second interim dividends of Rs. 3.50 and Rs. 7.00 per share already paid during the year.
Operationally, the company delivered its strongest performance in years. Crude oil production from matured and legacy fields reached 0.891 MMT in Q4 FY26, up from 0.844 MMT in the same quarter last year. The company also recorded its highest daily crude output of 10,566 MT, marking a decade-high level.
FY26 also saw aggressive field activity, with 74 wells drilled—its highest-ever annual tally—and 307 workover jobs completed, another record. This sustained operational push helped the company achieve a Reserve Replacement Ratio above 1, indicating that it added more reserves than it produced during the year.
Adding to the overall performance, OIL’s material subsidiary NRL reported a sharp 90% surge in Profit After Tax, reaching Rs. 3,057 crore in FY26 compared to Rs. 1,608 crore in FY25, with a Gross Refining Margin of $13.43 per barrel.
