Oil India Q2 FY27 Results: Consolidated Profit Grows 53% To ₹2,521 Crore While H1 Earnings Increase 77% To ₹6,548 Crore

Oil India Limited reported consolidated profit after tax (PAT) of ₹2,521 crore in Q2 FY27, an increase of 53% from ₹1,644 crore in the corresponding quarter last year. Standalone PAT increased 116% to ₹2,259 crore from ₹1,044 crore a year earlier.

The board recommended an interim dividend of ₹7 per fully paid equity share with a face value of ₹10 each. 20 November 2026 has been set as the record date.

The Oil India share price closed at ₹440 on 12 November, up 1.3% on the National Stock Exchange (NSE).

Oil India Q2 Results Snapshot

The company's crude oil production reached 1.021 million metric tonnes (MMT) in Q2 FY27, compared with 0.848 MMT in the same quarter of the previous year. Production growth came from its mature and ageing oilfields.

Higher production was accompanied by an improvement in crude oil price realisation. The average realisation increased to US$92.24 per barrel from US$68.19 per barrelin Q2 FY26. The combined improvement in production and realisation contributed to the increase in standalone profitability.

Oil India also recorded its highest daily crude oil production in a decade, at 11,300 metric tonnes, equivalent to 87,051 barrels, on 29 September 2026. The company said this was its highest daily output in the preceding ten years.

Oil India H1 FY27 Highlights

For the six months ended 30 September 2026, consolidated PAT stood at ₹6,548 crore, up 77% from ₹3,690 crore in H1 FY26.

Standalone PAT reached ₹5,130 crore, compared with ₹1,857 crore in the corresponding period last year, an increase of 176%. Oil India described this as its highest-ever standalone half-year PAT.

The company also recorded its highest-ever half-year drilling performance, with 42 wells drilled during H1 FY27. This marked a new operational benchmark for its drilling activities.

Oil India's material subsidiary, Numaligarh Refinery Limited (NRL), reported higher crude throughput in both the September quarter and the first half of FY27.

NRL processed 803 thousand metric tonnes (TMT) of crude oil in Q2 FY27, compared with 753 TMT in Q2 FY26. For H1 FY27, throughput reached 1,594 TMT, against 1,552 TMT in the corresponding period last year.

The refinery operated above its installed capacity during the half year. Capacity utilisation stood at 106.26%, compared with 103.48% in H1 FY26. Its distillate yield also improved to 87.15% from 86.64%.

Source

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