(New Delhi, 12.11.2026 – By NewsIP Bureau) :
Oil India Limited reported standalone profit after tax (PAT) of ₹2,259 crore for the second quarter of FY27, up 116% from ₹1,044 crore in the same quarter a year earlier. The company attributed the increase to crude oil production growth of 20% and a 35% rise in crude price realisation. Its board recommended an interim dividend of ₹7 per fully paid equity share with a face value of ₹10.
The Maharatna public sector company announced its results after the 586th meeting of its board, held in New Delhi on November 12. Standalone crude price realisation increased to US$92.24 per barrel in Q2 FY27 from US$68.19 a barrel in Q2 FY26.
Oil India’s consolidated PAT was ₹2,521 crore, a 53% increase from ₹1,644 crore in the year-ago quarter. For the half year ended September 30, 2026, consolidated PAT reached ₹6,548 crore, compared with ₹3,690 crore in the corresponding period a year earlier, up 77%.
Standalone PAT for the first half was ₹5,130 crore, against ₹1,857 crore in the same period last year, a 176% rise. The company said this was its highest-ever standalone half-year PAT.
Crude output and operations
The company produced 1.021 million tonnes (MMT) of crude oil from its matured and old fields in Q2 FY27, compared with 0.848 MMT a year earlier. It also recorded daily crude production of 11,300 tonnes, or 87,051 barrels, on September 29, 2026. Oil India said this was its highest daily production in a decade.
Drilling activity also reached a half-year high: the company drilled 42 wells in the first half of FY27, setting its highest-ever half-year drilling performance.
Click here : The figures form part of Oil India’s operations and results coverage in the business section.
Refinery performance and dividend
Oil India subsidiary Numaligarh Refinery Limited (NRL) processed 803 thousand tonnes of crude in Q2 FY27, up from 753 thousand tonnes in the corresponding quarter last year. First-half throughput was 1,594 thousand tonnes, compared with 1,552 thousand tonnes a year earlier.
NRL’s capacity utilisation stood at 106.26% in the first half, up from 103.48%. Distillate yield increased to 87.15% from 86.64%. Its gross refining margin for the half year ended September 30, 2026, was US$28.24 per barrel, compared with US$7.73 a barrel in the previous corresponding half year. The company reported this as a 265% increase.
The interim dividend is a board recommendation.
