Oil India Q3 Results: Profit Down 34% to ₹808 Cr; ₹7 Dividend & Russia Exit Approved
Mumbai: State-owned Oil India Limited (OIL) on Monday reported a standalone net profit of ₹808.31 crore for the quarter ended December 2025 (Q3 FY26), down 34.3% from ₹1,221.80 crore in the same period last year.
Financial Highlights: Q3 FY26 vs Q3 FY25
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Revenue from Operations: ₹4,916.10 crore (down 6.2%)
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Net Profit: ₹808.31 crore (down 34.3%)
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Earnings Per Share (EPS): ₹4.97
Also Read: REC Q3 Results: Net Profit Rises to ₹4,043 Crore, Declares 46% Interim Dividend
Dividend Announcement
The company's board declared a second interim dividend of ₹7 per equity share (face value ₹10) for the financial year 2025-26. The record date for eligibility is 18th February 2026, and the payment will be made on or before 11th March 2026. This is in addition to the first interim dividend of ₹3.50 paid earlier.
Strategic Divestment in Russia
In a significant strategic move, the board approved the divestment of its 50% stake in the non-producing Licence-61 asset in Russia. The asset, held via a Dutch subsidiary, has seen suspended production since August 2022. The exit process is expected to take about 18 months. OIL clarified it remains invested in its other producing Russian assets, Vankorneft and Taas Yuryakh.
Market and Filing Details
The unaudited financial results, along with the auditors' limited review report, were filed with the stock exchanges (BSE: 533106, NSE: OIL). The company also confirmed no defaults on any loans or debt securities.