Oil India Share Price in Focus; PAT Jumps 62% in Q4 FY26 Results, Final Dividend Announced

Oil India Limited announced its financial results for FY26 during the 580th Board meeting held on May 13, 2026. The company reported a sharp 62% year-on-year increase in consolidated profit after tax (PAT) to ₹2,424 crore in Q4 FY26 compared to ₹1,497 crore in the corresponding quarter last year.

For the full financial year ended March 31, 2026, consolidated PAT stood at ₹7,551 crore compared to ₹7,040 crore in FY25, reflecting steady operational performance and improved crude oil realizations.

Standalone Performance Supported by Higher Production

Oil India posted a standalone PAT of ₹1,790 crore in Q4 FY26 against ₹1,591 crore in Q4 FY25. The growth was primarily driven by a 6% increase in crude oil production and a 5% rise in crude oil price realization.

The company’s crude price realization improved from USD 74.46 per barrel in Q4 FY25 to USD 77.89 per barrel in Q4 FY26. Strong operational execution and improved production levels supported overall profitability during the quarter.

Record Operational Achievements During FY26

The company continued its efforts toward strengthening India’s energy security through higher production and exploration activities. Oil India produced 0.891 million metric tonnes (MMT) of crude oil in Q4 FY26 compared to 0.844 MMT in the year-ago quarter.

The company also achieved its highest daily crude oil production in the last decade at 10,566 metric tonnes. During FY26, Oil India drilled 74 wells, marking its highest-ever annual drilling achievement.

Additionally, the company completed a record 307 workover jobs during the year. Supported by aggressive drilling and operational campaigns, Oil India achieved a reserve replacement ratio exceeding 1 during FY26.

Dividend Announcement and NRL Performance

The Board of Directors recommended a final dividend of ₹1 per equity share with a face value of ₹10 each. This comes in addition to the first and second interim dividends of ₹3.50 and ₹7 per equity share already paid during the year.

Oil India’s subsidiary Numaligarh Refinery Limited also delivered strong performance, reporting a 90% rise in PAT to ₹3,057 crore in FY26 compared to ₹1,608 crore in FY25. The refinery reported a gross refining margin (GRM) of USD 13.43 per barrel.

Oil India Share Price

On May 14, 2026, Oil India share price (NSE: OIL) opened at ₹525.40. At 11:42 AM, the share price of Oil India was trading at ₹521.75, up by 2.89% on the NSE.

Also Read: India’s Vegetable Oil Imports Rise 13% in First Half of 2025-26 Amid Increase in Palm Oil Shipments!

Conclusion

Oil India delivered a strong FY26 performance driven by higher crude production, improved realizations, and record operational achievements. With robust profitability, continued exploration activity, and healthy dividend payouts, the company remains focused on strengthening its contribution toward India’s energy security and long-term growth in the oil and gas sector.

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