Oil India Q3 FY26 Earnings Results: Net Profit Drops 10.7% to ₹1,195 Crore; ₹7 Interim Dividend Announced

State-owned Oil India reported a consolidated net profit of ₹1,195.08 crore for the third quarter of FY26, marking a 10.7% decline compared to ₹1,338.85 crore in the same period last year.

On a sequential basis, profit also dropped 16.4% from ₹1,428.83 crore recorded in the previous quarter.

Revenue Remains Flat

The company’s revenue from operations stood at ₹9,111.43 crore during the quarter. This figure remained largely unchanged both year-on-year and quarter-on-quarter, indicating stable business performance despite the fall in profit.

Interim Dividend Announcement

Oil India’s board approved an interim dividend of ₹7 per share.

The record date is February 18, meaning shareholders holding the stock on or before this date in their demat account will be eligible to receive the dividend.

Production and Operational Highlights

During Q3FY26, the company produced 1.659 million metric tonnes of oil equivalent (mmtoe) from its mature oilfields, slightly lower than 1.697 mmtoe produced in Q3FY25.

However, its daily crude oil production capacity reached 9,861 metric tonnes, the highest level in the past decade, reflecting improved operational efficiency.

Strong Performance by Numaligarh Refinery

Oil India’s subsidiary Numaligarh Refinery (NRL) reported strong growth:

• Profit after tax jumped 125% to ₹867 crore in Q3FY26, up from ₹385 crore a year earlier.
• The refinery posted a gross refining margin (GRM) of $16.27 per barrel during the quarter.

Oil India Share Price Movement

Oil India share price (NSE: OIL) was trading at ₹483.00 around 11:55 am IST on February 11, down ₹5.85 or 1.20% for the day. The stock opened at ₹483.90, touched an intraday high of ₹488.75, and fell to a low of ₹476.50.

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Conclusion

Oil India’s Q3FY26 results showed a decline in profit despite stable revenue, while operational efficiency and strong refinery performance provided support. The ₹7 interim dividend offers some comfort to shareholders even as earnings remain under pressure.

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