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Oil India (OIL) investor relations material
Oil India Q3 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Focus on integrated energy operations, including upstream exploration, midstream pipeline expansions, and downstream refinery and petrochemical projects progressing on schedule.
Emphasis on operational efficiency, production growth, and prudent capital allocation, with record drilling activity and refinery utilization.
Board approved divestment of 50% interest in non-performing Russian asset (Licence-61), with production suspended since August 2022 and entity under bankruptcy; full provision made for investment exposure.
Interim dividend of ₹7.00 per share declared, in addition to ₹3.50 per share paid earlier in the year.
Financial highlights
Consolidated revenue for nine months at INR 27,036.78 crore, EBITDA at INR 9,298.62 crore, and PAT at INR 5,126.21 crore.
Q3 consolidated operating revenue at INR 9,111.43 crore, PAT at INR 1,435.89 crore; standalone Q3 revenue at INR 4,916.10 crore, PAT at INR 808.31 crore.
NRL subsidiary Q3 revenue at INR 6,526.70 crore, EBITDA at INR 1,302 crore, PAT at INR 867 crore, with gross refinery margin at $16.27/bbl, up 54% sequentially.
Basic & diluted EPS (consolidated) for Q3 FY26: ₹7.35; nine months: ₹27.79.
Dividend of INR 7 per share declared, totaling INR 10.5 per share for the year.
Outlook and guidance
Targeting 4 million MT crude and 5 BCM gas production by FY 2027-28, with 100 wells planned for next year.
Total production expected to reach 7.5 MMTOE in FY 2027 and 8.5 MMTOE in FY 2028, contingent on pipeline connectivity.
NRL refinery expansion to reach 50% utilization in Q4 FY 2027, 100% by Q2 FY 2028; petchem unit to be commissioned by end FY 2028 and ramp up by Q2 FY 2029.
Standalone CapEx guidance at INR 8,800 crore for FY 2026, rising to INR 9,200+ crore in subsequent years.
Board continues focus on core value-generating assets and international portfolio rationalization.
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