Oil India (OIL) Q1 26/27 earnings summary

Executive summary

• Achieved record operational and financial performance in Q1 FY2027, with highest ever quarterly revenue, EBITDA, and PAT since listing.

• Board approved unaudited standalone and consolidated financial results for the quarter ended 30th June 2026, along with the limited review report from auditors.

• Crude oil production reached 0.95 MMT, up 11% year-over-year, with daily production peaking at 10,921 MT on June 27, 2026.

• Natural gas production increased 0.4% quarter-over-quarter; strong progress in drilling and development programs.

• Appointment of M/s Shome & Banerjee as Cost Auditor for FY 2026-27 was approved.

Financial highlights

• Standalone operating revenue for Q1 FY2027 was INR 7,958.14 crore, the highest ever quarterly revenue, up from INR 5,012.45 crore in Q1 FY26.

• Standalone net profit after tax for Q1 FY27 was INR 2,870.21 crore, compared to INR 813.48 crore in Q1 FY26.

• Consolidated operating revenue was INR 12,886.27 crore, with consolidated PAT at INR 4,026.83 crore, both record highs.

• EBITDA reached INR 4,605 crore (margin 54%+), up from 34%+ in the previous year.

• Crude oil price realization was $98.73/bbl; natural gas price was $7.19/MMBtu.

Outlook and guidance

• Targeting crude oil production of 1 MMT per quarter, aiming for 4–4.2 MMT annually by FY2029.

• Natural gas production expected to reach 3.8 BCM in FY2028 and 5 BCM by FY2029 as pipeline infrastructure is completed.

• NRL refinery expansion to reach 75% capacity utilization by Q4 FY2028.

• No deviations or variations in the use of proceeds from public or rights issues; no outstanding defaults on loans or debt securities.