Quarterly & Annual Financial Results
Oil India Reports 7% Growth in FY26 Consolidated PAT; Achieves Record Drilling and Workover Operations
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Oil India Limited reported strong FY26 financial performance with 7% growth in consolidated PAT and record operational achievements in drilling and workover activities. The company also recommended a final dividend and reported higher crude production and reserve replacement performance.
PRICE-SENSITIVE TRIGGER
Event: FY26 Audited Financial Results Announcement
Type: Quarterly & Annual Financial Results
Impact: Positive
Immediate Effect: The results reflect improved profitability, operational efficiency, stronger production metrics, and continued shareholder payout through dividends.
Key Metrics:
- Q4 FY26 Consolidated PAT: ₹2,424 Crore
- Q4 FY25 Consolidated PAT: ₹1,497 Crore
- Q4 PAT Growth: 62% YoY
- FY26 Consolidated PAT: ₹7,551 Crore
- FY25 Consolidated PAT: ₹7,040 Crore
- FY26 PAT Growth: 7% YoY
- Q4 FY26 Standalone PAT: ₹1,790 Crore
- Q4 FY25 Standalone PAT: ₹1,591 Crore
- Crude Price Realisation: USD 77.89/bbl in Q4 FY26 vs USD 74.46/bbl in Q4 FY25
- Crude Oil Production in Q4 FY26: 0.891 MMT
- Highest Daily Crude Production: 10,566 MT
- Total Wells Drilled in FY26: 74 Wells
- Total Workover Jobs Completed: 307 Jobs
- Final Dividend Recommended: ₹1 per equity share
- Interim Dividends Already Paid: ₹3.50 and ₹7.00 per equity share
- NRL FY26 PAT: ₹3,057 Crore
- NRL FY25 PAT: ₹1,608 Crore
- NRL PAT Growth: 90% YoY
- NRL GRM: USD 13.43/bbl
Highlight:
- Label: Record Operational Achievement
- Value: Highest-ever drilling and workover operations completed during FY26
What Happened ?
Oil India Limited announced its audited standalone and consolidated financial results for FY26 and Q4 FY26. The company reported strong profitability growth supported by improved crude production, higher price realisation, and operational efficiency.
The company achieved record drilling and workover activity during the financial year, while its subsidiary Numaligarh Refinery Limited (NRL) also delivered strong profitability growth.
The Board recommended a final dividend of ₹1 per equity share in addition to interim dividends already paid during the year.
key highlights
Operational & Business Performance:
- Oil India achieved a 62% YoY rise in Q4 consolidated PAT.
- FY26 consolidated PAT increased 7% year-on-year.
- Standalone profitability improved due to higher crude oil production and better crude price realisation.
- The company produced 0.891 MMT of crude oil during Q4 FY26.
- Oil India achieved its highest daily crude oil production of 10,566 MT during the decade.
- The company drilled 74 wells during FY26, marking the highest-ever annual drilling achievement.
- A record 307 workover jobs were completed during the year.
- Reserve Replacement Ratio exceeded 1 during FY26, indicating sustainability of reserves.
- Subsidiary NRL delivered robust earnings growth with strong refining margins.
- The Board recommended a final dividend while maintaining shareholder returns through interim payouts.
Note:
- The company emphasized continued focus on energy security, reserve replacement, and aggressive drilling campaigns to strengthen long-term production sustainability.
Risk Analysis
Key Risks
- Crude oil price fluctuations can materially impact profitability.
- Regulatory intervention in fuel pricing and energy policies may affect margins.
- Exploration and production businesses involve operational and environmental risks.
- Global demand slowdown may impact energy prices and refining margins.
- Capital-intensive drilling and production activities require sustained investment.
Worst Case Scenario
- A sharp decline in crude prices or operational disruptions in production assets could negatively impact profitability and cash flows.
Risk Level: Medium
Company Commentary
- Management highlighted strong FY26 operational performance with record drilling and workover achievements.
- The company stated that aggressive drilling and workover campaigns helped achieve reserve replacement ratio above 1.
- Oil India emphasized its continued contribution toward India’s energy security.
- Management noted that subsidiary NRL delivered strong profitability growth with healthy refining margins.
- The Board reaffirmed shareholder returns through final and interim dividend payouts.
Official Exchange Filing: Oil India Limited