Oil India on Tuesday reported a consolidated net profit of ₹1,195 crore in Q3 FY26, marking a 10.75 per cent year-on-year decline from ₹1,339 crore in the corresponding quarter last year.
Consolidated revenue from operations stood at ₹9,111 crore during the quarter, staying flat, compared to ₹9,089 crore in the year-ago quarter.
Total consolidated income for the quarter was ₹9,768 crore, while total expenses came in at ₹7,634 crore, resulting in profit before tax of ₹1,910 crore.
The Board declared a second interim dividend of ₹7 per equity share for FY26, payable on or before 11 March 2026. This is in addition to the interim dividend of ₹3.5 per share announced earlier during the financial year.
Separately, the company’s Board also approved the divestment of its 50 per cent participating interest in Russia’s Licence-61 asset, which is currently non-performing and under bankruptcy administration.
