Mumbai: Oil India Limited on Thursday announced a consolidated net profit after tax of Rs 4,026.83 crore for the quarter ended 30 June 2026, marking a 96.76 per cent increase compared to Rs 2,046.51 crore in the corresponding quarter of the previous fiscal year.
Revenue from Operations Soars
The company's consolidated revenue from operations for Q1 FY27 stood at Rs 12,886.27 crore, a robust increase of 47.28 per cent from Rs 8,749.94 crore reported in the same quarter last year. Total consolidated income for the quarter reached Rs 13,236.10 crore, up from Rs 9,005.62 crore in Q1 FY26.
Expenses and Profit Before Tax
Total consolidated expenses for the quarter increased to Rs 8,093.63 crore from Rs 7,225.13 crore in the year-ago period. Consolidated profit before tax (PBT) for Q1 FY27 was Rs 5,322.17 crore, a rise of 112.46 per cent from Rs 2,505.08 crore in Q1 FY26.
Earnings Per Share Jumps
Consolidated earnings per share (EPS) for the quarter ended 30 June 2026 stood at Rs 22.32, significantly higher than Rs 11.66 in Q1 FY26. This reflects the improved profitability and operational efficiency during the period.
Tax and Other Comprehensive Income
Total tax expenses for the quarter were Rs 1,295.34 crore. Other comprehensive income (OCI) for Q1 FY27 was Rs 234.66 crore, compared to Rs 2,209.84 crore in the year-ago quarter, impacted by equity instruments through OCI and share of other comprehensive income in associates and joint ventures.
Contingent Liabilities and GST Provisions
The company has made a provision of Rs 289.56 crore towards Service Tax/GST liability on royalty for the quarter, including Rs 103.77 crore in interest. As on 30 June 2026, the total provision for Service Tax & GST on Royalty, including interest, stood at Rs 5,043.33 crore.
Cost Auditor Appointment
The Board of Directors approved the appointment of Shome & Banerjee, Cost Accountants (Firm Registration Number- 000001), as the Cost Auditor for the financial year 2026-27.
Board Meeting Details
The Board Meeting commenced at 03:00 p.m. and concluded at 06:25 p.m. on 07 August 2026. The unaudited standalone financial results for Q1 FY27 showed a net profit of Rs 2,870.21 crore, with total revenue from operations at Rs 7,958.14 crore.
Disclaimer: This report is based on the company's filed financial results (standalone or consolidated, as applicable) and is intended solely for informational purposes. It does not constitute investment advice or a recommendation to buy, sell or hold any security.
