Oil India Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Oil India Limited reported standalone revenue of Rs 21,346 crore for FY2025-26, down 3.5% from Rs 22,117 crore in the previous year. Profit after tax declined 27% to Rs 4,455 crore from Rs 6,114 crore, with EPS falling to Rs 27.39 from Rs 37.59. The board recommended a final dividend of Rs 1 per share (total dividend for FY26 is Rs 11.50 per share including interim dividends). Operating margin compressed significantly from 30.96% to 17.30% due to higher exploration costs (Rs 745.62 crore vs Rs 77.43 crore) and increased finance costs. The auditors issued an unmodified opinion with emphasis of matter on a Rs 4,753.77 crore cumulative provision for disputed Service Tax/GST on royalty (including interest of Rs 360.42 crore). The company also entered a joint venture with Hindustan Waste Treatment for Compressed Biogas projects.
The sharp 27% decline in PAT and margin compression indicate cost pressures and lower crude prices impacted profitability. The large tax dispute provision remains a contingent liability but the company maintains strong balance sheet with debt equity ratio at 0.27:1.