By Enersider Desk | New Delhi
State-owned Oil India reported a 10.7 per cent year-on-year decline in its consolidated net profit to ₹1,195.08 crore for the third quarter of FY26, compared with ₹1,338.85 crore in the corresponding period last year, as per an official statement.
On a quarter-on-quarter basis, the company’s net profit fell 16.4 per cent from ₹1,428.83 crore in the previous quarter.
The Maharatna PSU’s revenue from operations stood at ₹9,111.43 crore during the quarter, remaining largely flat on both a year-on-year and sequential basis.
The Board declared an interim dividend of ₹7 per fully paid-up equity share, in addition to the first interim dividend of ₹3.50 per share.
During the quarter, the company produced 1.659 million metric tonnes of oil equivalent (MMTOE) of oil and gas from its mature and ageing fields, compared with 1.697 MMTOE in Q3FY25.
According to the statement, the company also achieved its highest daily crude oil production in the past decade at 9,861 metric tonnes on December 31, 2025.
Additionally, Oil India’s material subsidiary, Numaligarh Refinery Limited (NRL), reported a 125 per cent year-on-year growth in PAT to ₹867 crore in Q3FY26 from ₹385 crore in Q3FY25, supported by a gross refining margin of USD 16.27 per barrel.
During the quarter, NRL was conferred Navratna status, recognising its financial performance, growth trajectory and contribution to India’s energy security.
Oil India Limited (OIL), a Maharatna CPSE of the Government of India, is a fully integrated Exploration & Production company in the upstream sector. The company is engaged in exploration, development and production of crude oil and natural gas, transportation of crude oil and production of LPG. It also provides various E&P related services for oil blocks.
Image Source: Oil India
