Financial Performance Overview

Oil India Limited declared its financial results for Q2 FY27 in the 586th meeting of the Board of Directors held on November 12, 2026, at New Delhi.

Standalone Performance:

  • Q2 FY27 PAT: ₹2,259 crore versus ₹1,044 crore in Q2 FY26, representing 116% growth
  • Half-year ended September 30, 2026 PAT: ₹5,130 crore versus ₹1,857 crore in corresponding previous half year, representing 176% growth
  • This represents the highest ever standalone PAT for the half year

Consolidated Performance:

  • Q2 FY27 PAT: ₹2,521 crore versus ₹1,644 crore in Q2 FY26, representing 53% growth
  • Half-year ended September 30, 2026 PAT: ₹6,548 crore versus ₹3,690 crore in corresponding previous half year, representing 77% growth

Operational Performance Drivers

Crude Oil Production:

  • Q2 FY27 crude oil production: 1.021 MMT versus 0.848 MMT in Q2 FY26, representing 20% growth
  • Achieved highest daily production of 11,300 MT (87,051 bbls) on September 29, 2026 - the highest daily production in the last decade
  • Production growth achieved from matured and old oilfields

Price Realization:

  • Crude oil price realization: USD 92.24/bbl in Q2 FY27 versus USD 68.19/bbl in Q2 FY26, representing 35% increase

Drilling Performance:

  • During first half of the year, achieved highest-ever half-year drilling performance with 42 wells drilled
  • This sets a new benchmark in operational achievements

Subsidiary Performance (NRL)

Refinery Operations:

  • Q2 FY27 crude throughput: 803 TMT versus 753 TMT in corresponding quarter previous year
  • H1 FY 2026-27 crude throughput: 1,594 TMT versus 1,552 TMT in H1 FY 2025-26
  • Capacity utilization: 106.26% during H1 FY 2026-27 versus 103.48% in corresponding period previous year
  • Distillate yield: 87.15% versus 86.64% in corresponding period, reflecting operational efficiency improvements

Financial Performance:

  • Gross Refining Margin (GRM): USD 28.24/bbl during half year ended September 30, 2026 versus USD 7.73/bbl during half year ended September 30, 2025, representing 265% growth

Dividend Declaration

The Board of Directors has recommended an Interim Dividend of ₹7.00 per fully paid equity share of ₹10 each.

Strategic Context

The company continues its sustained efforts toward ensuring Nation's Energy Security through increased production from matured oilfields and operational excellence across its operations and subsidiaries.