New Delhi: Numaligarh Refinery Ltd (NRL), a subsidiary of Oil India Ltd, on Thursday reported a standalone profit of ₹724.83 crore for the July-September quarter of FY26, up from ₹175.04 crore in the same period last year, supported by stronger refining margins and higher throughput.
In a statement, the company said earnings per share for the quarter stood at ₹4.61, compared with ₹1.13 a year ago.
For the half year ended September 30, 2025, NRL posted a standalone profit of ₹1,213.06 crore, nearly double the ₹605.58 crore recorded in the corresponding period of FY25. Half-year EPS rose to ₹7.62 from ₹3.91.
The company reported an average gross refining margin (GRM) of $7.73 per barrel during H1FY26, higher than $4.45 per barrel recorded in H1FY25.
During the quarter, NRL raised ₹2,500 crore through non-convertible debentures. The debenture issue, the company said, was subscribed more than 12 times, enabling it to mobilise funds at competitive rates.
NRL processed 752.87 thousand metric tonnes (TMT) of crude oil in Q2FY26, achieving capacity utilisation of over 100 per cent. Throughput during the same quarter last year was 683.42 TMT. For the half year, the refinery processed 1,552.19 TMT of crude, compared with 1,447.53 TMT in H1FY25.
The company said work is progressing on its key projects, including expansion of the refinery to 9 MMTPA, the Paradip-Numaligarh crude oil pipeline and the 360-KTPA polypropylene unit.
NRL also reported progress in its biofuel initiatives. Its joint venture, Assam Bio Ethanol Pvt Ltd, commissioned the 2G ethanol plant during the quarter. The plant was inaugurated by Prime Minister Narendra Modi on September 14.
