Oil India Profit Skyrockets 253% on Higher Production

Oil India reported its highest-ever standalone net profit in Q1 FY27, reaching Rs 2,870.21 crore, a remarkable 252.83% increase compared to the previous year. This surge was driven by a combination of increased crude oil production, which rose by 11% to 0.950 MMT, and an improved crude oil price realization of $98.73 per barrel.

The company's revenue from operations also saw a substantial jump of 58.77% year-on-year, reaching Rs 7,958.05 crore for the quarter. Profit before tax witnessed a significant rise of 240.92% to Rs 3741.72 crore. Demonstrating operational efficiency, Oil India achieved its highest daily crude oil production record on June 27, 2026.

Adding to the positive performance, Oil India's material subsidiary, Numaligarh Refinery (NRL), posted a 167% year-on-year increase in its profit after tax, amounting to Rs 1,305 crore. NRL also experienced a sharp improvement in its gross refining margin to $35.95 per barrel. On a consolidated basis, the company's net profit grew by 91.40% year-on-year.