Oil India (OIL) Q2 25/26 earnings summary

Executive summary

• Transitioned further into an integrated energy company with upstream, midstream, and downstream expansions progressing as planned.

• Achieved strong Q2FY26 performance, demonstrating operational resilience and strategic execution.

• India's first 2G bioethanol plant using bamboo feedstock was inaugurated.

• Board approved unaudited standalone and consolidated financial results for the quarter and half year ended 30th September 2025.

• Outperformed benchmark indices over the last three years, with significant share price appreciation.

Financial highlights

• Standalone Q2 FY26 revenue: INR 5,457 crore; H1 FY26: INR 10,469 crore.

• Q2 FY26 PAT: INR 1,044 crore; H1 FY26 PAT: INR 1,857 crore.

• Consolidated Q2 FY26 revenue: INR 9,175 crore; H1 FY26: INR 17,925 crore.

• Consolidated Q2 FY26 PAT: INR 1,643 crore; H1 FY26: INR 3,690 crore.

• Interim dividend of INR 3.50 per share declared.

Outlook and guidance

• FY26 oil production guidance revised to 3.55 million metric tons due to disruptions, with targets of 3.75 for FY27 and 4 for FY28.

• Gas production expected at 3.6 BCM for FY26, 3.8 BCM for FY27, and 4.6 BCM for FY28.

• Expansion into renewable energy niches, including green hydrogen and CCUS, to support energy transition.

• DNPL pipeline expansion to be fully operational before April 2026; NRL refinery expansion commissioning by December 2025.

• Board and auditors confirm compliance with SEBI regulations and accounting standards; no material misstatements identified.