Outcome of Board Meeting
OIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Oil India's Board approved audited standalone financial results for Q4 and FY ended March 2026. Full-year total income stood at ₹24,038.58 crore vs ₹23,987.07 crore in the prior year. Profit Before Tax declined to ₹5,419.86 crore from ₹7,850.95 crore in FY2025, mainly due to lower crude oil prices and higher expenses. Net Profit for the year came in at ₹4,455.34 crore versus ₹6,114.19 crore, with EPS at ₹27.39 (down from ₹37.59). Q4 standalone profit was ₹2,057 crore on income of ₹7,099.82 crore. The Board recommended a Final Dividend of ₹1 per share (10% on face value of ₹10), in addition to two interim dividends already paid (₹3.50 and ₹7.00 per share). A new JV has been approved between OIL's wholly-owned subsidiary OIL Green Energy Limited and Hindustan Waste Treatment Private Limited to develop and operate Compressed Biogas (CBG) projects. Notably, a provision of ₹4,753.77 crore has been made for disputed Service Tax/GST on royalty, including interest of ₹360.42 crore, pending ongoing litigation.
Decline in annual profit reflects challenging crude oil pricing environment, but the stock may find support from the dividend payout and new clean energy JV. The large tax provision on royalty remains a contingent risk but has been prudentially provided for.