Oil India Standalone Q2 Profit Up 116.4% to Rs 2,259.42 Crore
Oil India's consolidated profit rose about 53% to Rs 2,520.87 crore, and its board declared an interim dividend of Rs 7 per share.
Key Takeaways
- Standalone net profit rose about 116% year on year to Rs 2,259.42 crore in Q2 FY27.
- Consolidated net profit rose about 53% to Rs 2,520.87 crore from Rs 1,643.81 crore.
- Crude oil output rose about 20% to 1.021 million tonnes, and the average crude price rose to $92.24 a barrel.
- Standalone profit fell about 21.3% from Rs 2,870.21 crore in the June quarter.
- The board declared an interim dividend of Rs 7 per share, with a record date of 20 November 2026.
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Oil India's standalone net profit rose about 116% year on year to Rs 2,259.42 crore in the July to September 2026 quarter (Q2 FY27), up from Rs 1,044.02 crore a year earlier. The state-owned oil and gas company announced the results on 12 November 2026, along with an interim dividend of Rs 7 per share.
On a consolidated basis, which includes its subsidiary Numaligarh Refinery, Oil India's profit after tax rose about 53% to Rs 2,520.87 crore from Rs 1,643.81 crore. The company produced 1.021 million tonnes of crude oil in the quarter, about 20% more than the 0.848 million tonnes a year ago, and its average crude price rose about 35% to $92.24 a barrel from $68.19.
Oil India Q2 FY27 results at a glance
| Detail | Value |
|---|---|
| Quarter | July to September 2026 (Q2 FY27) |
| Standalone net profit | Rs 2,259.42 crore, up about 116% from Rs 1,044.02 crore |
| Consolidated net profit | Rs 2,520.87 crore, up about 53% from Rs 1,643.81 crore |
| Crude oil produced | 1.021 million tonnes, up about 20% from 0.848 million tonnes |
| Average crude price | $92.24 a barrel, up from $68.19 |
| Interim dividend | Rs 7 per share (face value Rs 10) |
| Record date | 20 November 2026 |
| Dividend payment | On or before 12 December 2026 |
Oil India's profit fell from the June quarter but doubled from last year
Oil India explores for and produces crude oil and natural gas, and Numaligarh Refinery is its subsidiary. Compared with the April to June 2026 quarter, its standalone profit fell about 21.3%, from Rs 2,870.21 crore to Rs 2,259.42 crore. Over the same year, both its crude output and its average price per barrel rose.
For the first half of FY27 (April to September 2026), standalone profit rose about 176% to Rs 5,129.63 crore from Rs 1,857.50 crore. Consolidated profit for the half year rose about 77% to Rs 6,547.70 crore from Rs 3,690.32 crore.
| When | What happened |
|---|---|
| July to September 2025 | Standalone profit fell about 43% to Rs 1,044.02 crore; interim dividend of Rs 3.50 per share |
| April to June 2026 | Standalone profit of Rs 2,870.21 crore |
| July to September 2026 | Standalone profit of Rs 2,259.42 crore; interim dividend of Rs 7 per share |
How Numaligarh Refinery added to Oil India's group profit
Numaligarh Refinery processed about 803 thousand tonnes of crude oil in the September quarter, up from about 753 thousand tonnes a year earlier. Its gross refining margin for the first half of FY27 was $28.24 a barrel, against $7.73 a barrel in the same half last year.
Oil India's Rs 7 dividend and its record date
The board of Oil India declared the interim dividend of Rs 7 per equity share for FY27 at its meeting on 12 November 2026. The company fixed 20 November 2026 as the record date, and the dividend will be paid on or before 12 December 2026. A year earlier, in the September 2025 quarter, the interim dividend was Rs 3.50 per share.
Where Oil India stands after Q2 FY27
Oil India ended the September quarter with standalone profit of Rs 2,259.42 crore and consolidated profit of Rs 2,520.87 crore, both well above last year. Its crude output rose to 1.021 million tonnes and its average crude price to $92.24 a barrel. Shareholders on record on 20 November 2026 will get an interim dividend of Rs 7 per share.
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