On Tuesday, state-owned Oil India, for the first quarter of FY26, reported a marginal increase of 1.5% in its consolidated net profit at Rs 2,046.5 crore against 2,016.3 crore in Q1FY25. The net profit rose 37% on a sequential basis from Rs 1,497.97 crore in Q4FY25.
Revenue From Operations
During the quarter under review, the company's revenue from operations declined 6.4% to Rs 8,749.94 crore, down marginally from Rs 9,350.89 crore. Total income stood at Rs 9,005.62 crore during the quarter under review, down from Rs 9,581.78 crore in the same period of the last fiscal.
Crude Price Realisation Drop
According to the company, in the first quarter of FY26, it achieved a standalone profit after tax of Rs 813.48 crore against Rs 1,466.84 crore achieved in Q1FY25 due to a sharp drop in crude price realisation from $84.89 per barrel in Q1FY25 to $66.20 per barrel in Q1FY26. It registered a drop of 22%.
Earnings Per Share
The company’s consolidated Earnings Per Share (EPS) for Q1FY26 stood at Rs 11.66 per share against Rs 11.59 for Q1FY25. On the production front, continuing its growth, the company sustained its oil & gas production (O+OEG) from its mature and old oilfields in the Northeast at 1.680 million metric tonne of oil equivalent (MMTOE) in Q1FY26 against 1.689 MMTOE in Q1FY25.
Gas Production
During the quarter, OIL made a hydrocarbon discovery at the Namrup-Borhat OALP block and commenced gas production from the Bakhritibba Discovered Small Field (DSF) block located in Rajasthan’s Jaisalmer district. The company’s material subsidiary NRL sustained its crude throughput at 799 thousand metric tonnes during Q1FY26 against 764 TMT achieved in Q1FY25.
GAIL Signs Purchase Agreement
Extending their existing arrangement from July 1, 2025, Last week, GAIL (India) signed a 15-year Gas Sale and Purchase Agreement (GSPA) with Oil India Limited (OIL). Strengthening domestic natural gas production and enhancing energy accessibility in the country are the aims of this agreement.
