Mumbai: Oil India Limited reported a 12 percent year-on-year rise in standalone net profit to ₹1,789.5 crore for the quarter ended March 31, 2026, supported by higher operational income and improved segment profitability. Revenue from operations rose 8 percent to ₹5,960.7 crore compared with ₹5,518.9 crore in the corresponding quarter last year, while sequential profit more than doubled from ₹808.3 crore in Q3 FY26. The company’s earnings were aided by higher crude oil segment profitability and other income during the quarter.
Total income during the quarter increased to ₹7,099.8 crore from ₹6,182.8 crore a year earlier. Total expenses stood at ₹5,042.8 crore against ₹4,162.5 crore in Q4 FY25. Employee benefit expenses rose to ₹489.6 crore from ₹459.8 crore, while depreciation, depletion and amortisation expenses climbed to ₹616.8 crore from ₹432.5 crore. Profit before tax improved marginally year-on-year to ₹2,057 crore from ₹2,020.3 crore.
Sequentially, revenue from operations increased by ₹1,044.6 crore from ₹4,916.1 crore in Q3 FY26. Net profit rose sharply by ₹981.2 crore quarter-on-quarter, while other income nearly doubled to ₹1,139.2 crore from ₹546.7 crore. Crude oil segment revenue rose to ₹4,406.5 crore from ₹3,265.6 crore in the preceding quarter, while pipeline transportation segment profit increased to ₹32.1 crore from ₹20.6 crore.
For FY26, Oil India posted standalone revenue from operations of ₹21,345.9 crore compared with ₹22,117.2 crore in FY25. Annual net profit declined 27 percent to ₹4,455.3 crore from ₹6,114.2 crore in the previous fiscal. Earnings per share for FY26 stood at ₹27.39 against ₹37.59 in FY25. The board recommended a final dividend of ₹1 per equity share in addition to interim dividends of ₹3.50 and ₹7 per share already paid during the year.
The company also recognised a provision of ₹865.1 crore during FY26 towards disputed service tax and GST liability on royalty payments, including interest of ₹360.4 crore. Oil India said the cumulative provision on this matter stood at ₹4,753.8 crore as of March 31, 2026.
Disclaimer: This summary is based on the company’s audited financial results filing and is not investment advice.
