Audited Financial Results for Quarter and Year ended 31 March 2026
OIL · price
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Oil India Ltd reported a 3.5% decline in annual revenue to ₹21,346 crore for FY2026, compared to ₹22,117 crore in FY2025. Net profit after tax dropped significantly by 27% to ₹4,455 crore from ₹6,114 crore in the previous year, with EPS falling to ₹27.39 from ₹37.59. The company recognised a provision of ₹865.12 crore for Service Tax/GST disputes on royalty during the year, with total disputed provisions standing at ₹4,753.77 crore. Q4 FY26 revenue was ₹5,961 crore with PAT of ₹1,790 crore. The board recommended a final dividend of ₹1 per share in addition to interim dividends of ₹10.50 per share already paid. The auditors issued clean opinions for standalone results but flagged going concern issues at some subsidiaries and joint ventures in the consolidated filing.
The sharp decline in profitability due to lower crude oil prices and tax provisions could pressure the stock. However, the strong operating cash flow of ₹7,576 crore and dividend commitment provide some support. The ₹4,753.77 crore tax dispute remains a key contingent liability.