Key Financial Figures - Standalone (₹ crore)
Quarter Ended 30th June 2026:
- Total Income: ₹5,834.61
- Total Expenses: ₹4,737.06
- Profit Before Tax: ₹3,741.72
- Tax Expense: ₹871.51
- Net Profit: ₹2,870.21
- EPS: ₹17.65
Comparative Performance:
- Net Profit increased 253% YoY (from ₹813.48 crore in Q1 FY26)
- Revenue increased 59% YoY (from ₹5,012.45 crore in Q1 FY26)
Segment-wise Performance (Standalone) - Q1 FY27:
- Crude Oil: Revenue ₹6,120.84 crore, PBT ₹2,998.64 crore
- Natural Gas: Revenue ₹1,526.58 crore, PBT ₹647.93 crore
- LPG: Revenue ₹83.22 crore, PBT ₹62.94 crore
- Pipeline Transportation: Revenue ₹183.79 crore, PBT ₹53.94 crore
- Renewable Energy: Revenue ₹43.71 crore, PBT ₹22.57 crore
Key Financial Figures - Consolidated (₹ crore)
Quarter Ended 30th June 2026:
- Revenue from Operations: ₹12,886.27
- Profit Before Tax: ₹5,322.17
- Tax Expense: ₹1,295.34
- Net Profit: ₹4,026.83
- EPS: ₹22.32
Board Approvals
The Board of Directors in its meeting held on 7th August 2026 approved:
1. Unaudited Financial Results for quarter ended 30th June 2026 on standalone and consolidated basis
2. Appointment of M/s Shome & Banerjee, Cost Accountants (Firm Registration Number-000001) as Cost Auditor for FY 2026-27
Key Notes to Financial Statements
Service Tax/GST on Royalty (Note 3):
- Provision of ₹289.56 crore made for quarter ending 30th June 2026 (includes interest of ₹103.77 crore)
- Total provision as on 30th June 2026: ₹5,043.33 crore (includes interest of ₹996.25 crore)
- Amount deposited under protest: ₹1,499.62 crore (including interest of ₹11.18 crore)
- Hon'ble Supreme Court order dated 29.07.2026 tagged Transfer Petition (C) 300-304/2024 with C.A. No. 10560/2025
- Company to deposit GST as per law within six weeks subject to final outcome of pending proceedings
Assam Specific Land Tax (Note 4):
- Demand of ₹2,484.81 crore raised by Government of Assam under Assam Taxation (on Specified Lands) Act
- Hon'ble Supreme Court order dated 29.07.2026 noted State of Assam's submission to withdraw the tax
- Company continues to disclose amount as contingent liability until Amendment Act is repealed
Joint Venture Update (Note 5):
- Arunachal Gas Private Limited incorporated on 15th November 2025 (50:50 JV with BPCL)
- Company allotted 25,00,000 equity shares of ₹10 each during the quarter
Auditor Qualifications
Auditors highlighted the following matters:
Emphasis of Matter:
- Service Tax/GST provision on royalty as detailed above
- Assam specific land tax demand as contingent liability
Other Matters:
- Company did not have requisite number of Independent Directors as required under Section 149(4) and 177 of Companies Act 2013
- Company did not have Woman Director as required under Section 149(1) of Companies Act 2013
- Includes results of 105 joint operations (49 blocks relinquished) with revenues of ₹93.92 crore and net loss of ₹(367.11) crore not reviewed by their auditors
- Reliance on management's technical/commercial evaluation for well categorization and cost allocation
Financial Ratios (Standalone)
- Debt Equity Ratio: 0.26:1 (30.06.2026)
- Interest Service Coverage Ratio: 18.62 times (30.06.2026)
- Current Ratio: 1.37:1 (30.06.2026)
- Operating Margin: 43.58% (30.06.2026)
- Net Profit Margin: 36.07% (30.06.2026)
Meeting Details
Board Meeting commenced at 3:00 PM and concluded at 4:25 PM on 7th August 2026