Oil India Q1 FY27 Profit Soars 252% to Rs 2,870 Cr

Oil India recorded a substantial 252.83% year-over-year surge in its standalone net profit for Q1 FY27, reaching Rs 2,870.21 crore. This marks the company’s highest-ever standalone profit, reflecting robust operational performance.

• Standalone Net Profit: Rs 2,870.21 crore (up 252.83%)
• Revenue from Operations: Rs 7,958.05 crore (up 58.77%)
• Crude Oil Production: 0.950 MMT (up 11% from 0.853 MMT in Q1 FY26)
• Crude Oil Price Realization: $98.73 per barrel

The significant profit increase was primarily driven by higher crude oil production and improved crude oil price realization during the quarter. Crude oil output rose by 11% to 0.950 MMT. The company also achieved its highest-ever daily crude oil production of 10,921 tonnes on June 27, 2026.

Consolidated Performance and Subsidiary Contribution

On a consolidated basis, Oil India reported a net profit increase of 91.40%, totaling Rs 3629.79 crore. This strong consolidated performance aligns with the significant standalone gains. Consolidated net sales also saw a substantial rise of 57.70%.

• Numaligarh Refinery (NRL) PAT: Rs 1,305 crore (up 167% year-over-year)
• NRL Gross Refining Margin: $35.95 per barrel

The material subsidiary, Numaligarh Refinery (NRL), played a crucial role in these consolidated results. NRL reported a 167% year-over-year increase in PAT, contributing significantly to the overall group’s profitability. Its gross refining margin improved to $35.95 per barrel.

These strong quarterly results underscore Oil India’s operational efficiency and favorable market conditions, leading to record profitability across its standalone and consolidated operations for Q1 FY27. The growth was supported by both core production and refinery performance.