Oil India (OIL), a Maharatna CPSE under the Government of India, announced its financial results for the quarter ended June 30, 2025, during the 570th meeting of its Board of Directors. The company delivered a consolidated Profit After Tax (PAT) of Rs 20.46 billion in Q1 FY26, marginally higher than Rs 20.16 billion in the corresponding period last year. Consolidated Earnings Per Share (EPS) stood at Rs 11.66 compared to Rs 11.59 in Q1 FY25.

On a standalone basis, PAT was Rs 8.13 billion versus Rs 14.66 billion in Q1 FY25, impacted by a 22 per cent drop in crude price realisation from $84.89/bbl to $66.20/bbl.

Production: Oil & Gas production from mature Northeast fields sustained at 1.680 MMTOE versus 1.689 MMTOE in Q1 FY25.

Exploration Milestone: Hydrocarbon discovery at the Namrup-Borhat OALP block.

New Production: Commencement of gas production from Bakhritibba DSF block, Jaisalmer, Rajasthan.

Subsidiary Performance: Numaligarh Refinery Limited (NRL) achieved crude throughput of 799 TMT, up from 764 TMT in Q1 FY25.

Despite softer crude prices, OIL maintained strong profitability and continued to invest in exploration and production to strengthen India’s energy security.