Oil India Reports 116% Jump in Standalone PAT to ₹2,259 Crore in Q2 FY27
Oil India Limited (OIL), a Maharatna CPSE, has announced its financial results for the quarter and half year ended 30 September 2026. The results were approved by the Board of Directors at its meeting held on 12 November 2026 in New Delhi.
Key Financial Highlights
Standalone Performance
|
Particulars |
Q2 FY27 |
Q2 FY26 |
Growth |
H1 FY27 |
H1 FY26 |
Growth |
|---|---|---|---|---|---|---|
|
Net Profit (PAT) |
₹2,259 Cr |
₹1,044 Cr |
+116% |
₹5,130 Cr |
₹1,857 Cr |
+176% |
|
Crude Oil Production |
1.021 MMT |
0.848 MMT |
+20% |
– |
– |
– |
|
Crude Oil Realisation |
USD 92.24/bbl |
USD 68.19/bbl |
+35% |
– |
– |
– |
The Company recorded its highest-ever Standalone PAT for a half year at ₹5,130 crore.
Consolidated Performance
|
Particulars |
Q2 FY27 |
Q2 FY26 |
Growth |
H1 FY27 |
H1 FY26 |
Growth |
|---|---|---|---|---|---|---|
|
Net Profit |
₹2,521 Cr |
₹1,644 Cr |
+53% |
₹6,548 Cr |
₹3,695 Cr |
+77% |
Operational Highlights
-
Crude oil production from matured oilfields rose 20% to 1.021 MMT in Q2 FY27.
-
Highest daily crude oil production of 11,300 MT (87,051 barrels) was achieved on 29 September 2026 — the highest in the last decade.
-
During H1 FY27, the Company drilled 42 wells, marking its highest-ever half-year drilling performance.
Interim Dividend
The Board of Directors has recommended an Interim Dividend of ₹7.00 per fully paid equity share of face value ₹10 each.
Performance of Material Subsidiary – Numaligarh Refinery Limited (NRL)
NRL continued to deliver strong operational results:
-
Q2 crude throughput: 803 TMT (vs 753 TMT in Q2 FY26)
-
H1 crude throughput: 1,594 TMT (vs 1,552 TMT)
-
Capacity utilisation in H1: 106.26%
-
Gross Refining Margin (GRM) for H1 rose sharply to US$ 28.24/bbl from US$ 7.73/bbl, a growth of 265%
The strong performance was driven by higher crude oil production, improved realisations and sustained operational efficiency across upstream and downstream operations.