Q1-FY26 Success Saga: Oil India Limited’s Path to Profitability

Oil India Limited, a prestigious Maharatna CPSE under the Government of India, recently disclosed its financial performance for the first quarter of the fiscal year 2026 during the 570th meeting of its Board of Directors held on August 12, 2025, in Noida. The company reported a consolidated Profit After Tax (PAT) of ₹ 2046.51 Crore in Q1FY26, a slight increase from ₹ 2016.30 Crore in the same period of the previous fiscal year.

While the consolidated figures showed a positive trend, the standalone PAT for Q1FY26 was reported at ₹ 813.48 Crore compared to ₹ 1466.84 Crore in Q1FY25. This significant decline was primarily attributed to the sharp drop in crude oil prices, with realizations decreasing from USD 84.89 per barrel in Q1FY25 to USD 66.20 per barrel in Q1FY26, marking a 22% decrease. The company’s consolidated Earnings Per Share (EPS) for Q1FY26 stood at ₹ 11.66 per share, slightly higher than ₹ 11.59 per share in Q1FY25.

On the production front, Oil India Limited continued its growth trajectory by focusing on maintaining the nation’s energy security through consistent Oil & Gas production from its mature and old oilfields in the Northeast region. The company reported a production volume of 1.680 MMTOE in Q1FY26 compared to 1.689 MMTOE in Q1FY25. Additionally, Oil India Limited achieved a significant milestone by making a Hydrocarbon discovery at the Namrup-Borhat OALP block and initiating gas production from the Bakhritibba Discovered Small Field (DSF) block situated in Rajasthan’s Jaisalmer District.

Furthermore, Oil India Limited’s material subsidiary, NRL, sustained its crude throughput at 799 TMT during Q1FY26, showcasing operational consistency compared to the 764 TMT achieved in Q1FY25. This robust performance across various operational facets underscores the company’s commitment to excellence and its strategic initiatives to enhance production efficiency and contribute to the country’s energy landscape.