New Delhi: State-run Oil India Ltd (OIL) reported a consolidated profit after tax (PAT) of ₹2,046.51 crore for the first quarter of FY26, marginally higher than ₹2,016.30 crore in the year-ago period.
The company’s standalone PAT, however, fell to ₹813.48 crore from ₹1,466.84 crore in Q1FY25 due to a sharp 22% drop in crude price realisation, from $84.89 per barrel to $66.20 per barrel.
The consolidated earnings per share stood at ₹11.66, compared with ₹11.59 a year earlier.
On the production front, OIL maintained output from its mature oilfields in the Northeast at 1.680 million metric tonnes of oil equivalent (MMTOE) in Q1FY26, against 1.689 MMTOE in the same period last year.
The company made a hydrocarbon discovery in the Namrup-Borhat OALP block and began gas production from the Bakhritibba discovered small field (DSF) block in Rajasthan’s Jaisalmer district during the quarter.
Its subsidiary Numaligarh Refinery Ltd (NRL) processed 799 thousand metric tonnes (TMT) of crude in Q1FY26, up from 764 TMT in Q1FY25.>
