Oil India Limited Achieves Record Profit Boost and Production Milestone

State-owned Oil India Limited reported a significant 62% increase in consolidated fourth quarter profit, helped by higher crude oil production and improved price realization. The company achieved its highest daily crude output in a decade and Numaligarh Refinery, its subsidiary, saw a 90% rise in profits.

Oil India Limited, a state-owned enterprise, has announced a robust 62% surge in consolidated profit for the fourth quarter, driven by increased crude oil production and favorable price realizations. The company's consolidated profit after tax reached Rs 2,424 crore for Q4 FY26, compared to Rs 1,497 crore in the same quarter the previous year.

For the full fiscal year, Oil India's total consolidated profit rose from Rs 7,040 crore in FY25 to Rs 7,551 crore. The company's Q4 performance benefited from a 6% increase in crude oil production and a higher price realization of USD 77.89 per barrel, up from USD 74.46 per barrel a year ago.

In addition to reaching its highest daily crude output level in a decade and undertaking a record 74 drilling operations, Oil India also reported a notable profit rise in its subsidiary, Numaligarh Refinery, with profits climbing by 90% to Rs 3,057 crore. This growth was complemented by gross refining margins of USD 13.43 per barrel. The company's board proposed a final dividend of Rs 1 per share.