Oil India Q1FY27 PAT Surges: Standalone ₹2,870 Cr, Consolidated ₹4,027 Cr
Oil India Limited reported its Q1 FY27 results on August 7, 2026. Standalone PAT reached ₹2,870 crore, up from ₹813 crore YoY, driven by 11% crude oil production growth. Consolidated PAT was ₹4,027 crore. NRL's PAT grew 167% to ₹1,305 crore. Natural gas was discovered in Andaman.
The announcement details record-breaking financial results, significant production increases, and a new natural gas discovery, which are material events likely to positively impact investor sentiment and the company's valuation.
The company reported its highest-ever quarterly standalone PAT, significant year-on-year growth in both standalone and consolidated PAT, increased crude oil production, and a substantial discovery of natural gas, all indicating strong operational and financial performance.
Oil India Limited (OIL) announced its unaudited financial results for the first quarter of FY27, ending June 30, 2026. The company achieved its highest-ever standalone Profit After Tax (PAT) of ₹2,870 crore in Q1 FY27, a significant increase from ₹813 crore in Q1 FY26, marking a 2.5 times year-on-year growth. This surge was driven by an 11% increase in crude oil production and an average crude oil price realization of USD 98.73 per barrel.
Consolidated PAT also saw substantial growth, reaching ₹4,027 crore in Q1 FY27, up 97% from ₹2,047 crore in the same period last year. In terms of production, OIL produced 0.950 MMT of crude oil from its mature oilfields in Q1 FY27, compared to 0.853 MMT in Q1 FY26. Notably, on June 27, 2026, the company recorded its highest-ever daily crude oil production of 10,921 MT (84,109 barrels).
OIL's material subsidiary, Numaligarh Refinery Limited (NRL), demonstrated strong performance with a 167% growth in PAT, amounting to ₹1,305 crore in Q1 FY27 from ₹488 crore in Q1 FY26. NRL reported a Gross Refining Margin (GRM) of $35.95 per barrel and a Distillate Yield of 87.58%.
Furthermore, OIL reported the discovery of natural gas in the Vijaya Puram-3 exploratory well in the Andaman Basin, reinforcing the basin's hydrocarbon potential. The company also successfully completed a highly deviated exploratory well in Assam, achieving a record horizontal displacement of 3,116 meters for an onshore well.
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Oil India Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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