2026-05-14 13:34:21
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OIL reports 7% growth in consolidated PAT with highest drilling and workover operation during FY2025-26
Posted On : 2026-05-14 11:18:12( TIMEZONE : IST )
Oil India Limited, a Maharatna CPSE of Govt. of India, declared its financial results for FY26, in its 580th meeting of the Board of Directors held on 13th May 2026. The Company achieved a growth of 62% in consolidated PAT at Rs. 2,424 crore in Q4 FY26 vis-à-vis Rs. 1,497 crore in Q4 FY25. The consolidated PAT for the year ended 31.03.2026 is Rs. 7,551 crore vis-à-vis Rs. 7,040 crore.
OIL achieved a standalone PAT of Rs. 1,790 crore in Q4FY26 vis-à-vis Rs. 1,591 crore in Q4FY25 due to increase in crude oil production by 6% and crude price realisation by 5% from USD 74.46/bbl in Q4FY25 to USD 77.89/bbl in Q4FY26.
The Board of Directors has recommended a final dividend of Rs. 1.00 per equity share (face value of Rs. 10 per equity share). This is in addition to 1st & 2nd Interim Dividend of Rs. 3.50 per equity share and Rs. 7.00 per equity share, respectively paid during the year.
In its efforts towards ensuring Nation's Energy Security, the Company, continuing its sustained efforts, produced 0.891 MMT of crude oil from its matured and old oilfields in Q4FY26 vis-à-vis 0.844 MMT in Q4 FY25. OIL has achieved highest daily production of 10,566 MT of crude oil, which is highest daily production during last decade. Drilled 74 nos of wells during the year, marking the highest-ever achievement. The Company also completed a record 307 nos of workover jobs during the year, which is the highest ever achievement. Driven by an aggressive drilling and workover campaign, the Company achieved a Reserve Replacement Ratio exceeding 1 during the year.
OIL's material subsidiary NRL achieved a robust 90% growth in Proft After Tax, rising to Rs. 3,057 crore in FY 26 from Rs. 1,608 crore in FY25 with a GRM of $ 13.43/bbl.
Shares of Oil India Limited was last trading in BSE at Rs. 507.50 as compared to the previous close of Rs. 490.90. The total number of shares traded during the day was 581993 in over 11758 trades.
The stock hit an intraday high of Rs. 511.50 and intraday low of 491.25. The net turnover during the day was Rs. 292230041.00.
