Oil India Q3FY26 PAT ₹1,436 Cr; Declares ₹7 Dividend
Oil India Limited reported consolidated PAT of ₹1,436 crore for Q3FY26. The company declared a second interim dividend of ₹7.00 per share. Its subsidiary NRL achieved a 125% growth in PAT to ₹867 crore and was awarded Navratna status.
The declaration of a second interim dividend and the strong performance of a key subsidiary like NRL are positive indicators. However, the decline in PAT for both consolidated and standalone results due to lower crude prices might temper the overall impact.
While the company declared an interim dividend and its subsidiary showed strong growth, the consolidated and standalone PAT decreased compared to the previous year due to lower crude price realization. The overall financial performance is mixed.
Oil India Limited (OIL) announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The company reported a consolidated Profit After Tax (PAT) of ₹1,436 crore for Q3FY26, a slight decrease from ₹1,457 crore in Q3FY25. For the nine months ended December 31, 2025, the consolidated PAT stood at ₹5,126 crore, down from ₹5,543 crore in the corresponding period of the previous year. The standalone PAT for Q3FY26 was ₹808 crore, compared to ₹1,222 crore in Q3FY25, attributed to a 15% decline in crude price realization from USD 73.82/bbl to USD 62.84/bbl.
The Board of Directors declared a second interim dividend of ₹7.00 per fully paid-up equity share, in addition to the first interim dividend of ₹3.50 per share. In terms of production, OIL produced 1.659 MMTOE of Oil & Gas in Q3FY26, compared to 1.697 MMTOE in Q3FY25. Notably, OIL achieved a daily crude oil production of 9861 MT on December 31, 2025, the highest in the last decade.
Furthermore, OIL's material subsidiary, Numaligarh Refinery Limited (NRL), demonstrated robust growth, with its PAT rising by 125% to ₹867 crore in Q3FY26 from ₹385 crore in Q3FY25. NRL achieved a Gross Refining Margin (GRM) of $16.27/bbl. During the quarter, NRL was conferred with “Navratna” status by the Government of India, recognizing its strong financial performance and contribution to national energy security.
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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 medium impact: worth reading, rarely worth acting on by itself.
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