State-owned petroleum explorer Oil India Limited (OIL) reported a 53% year-on-year increase in consolidated profit after tax (PAT) to Rs 2,521 crore in the second quarter of FY27, compared with Rs 1,644 crore in the corresponding quarter of the previous financial year.
The growth in profitability was supported by a 20% increase in crude oil production and a 35% rise in crude oil price realisation. The company’s total income also increased 26% to Rs 12,303 crore in Q2 FY27, compared with Rs 9,692 crore in the year-ago quarter.
Oil India Records 77% Growth in Half-Year Profit
Oil India reported consolidated PAT of Rs 6,548 crore for the six months ended September 2026, registering a 77% increase over Rs 3,690 crore in the corresponding period of the previous financial year.
The company’s financial performance also reflected growth in income and profitability during the September quarter. Consolidated PAT stood at Rs 2,521 crore, while total income reached Rs 12,303 crore, compared with Rs 1,644 crore and Rs 9,692 crore, respectively, in Q2 FY26.
The improvement in earnings was supported by higher crude oil production and better price realisation. Crude oil price realisation increased from USD 68.19 per barrel in Q2 FY26 to USD 92.24 per barrel in Q2 FY27, marking a rise of 35%.
Crude Oil Production Rises to 1.021 Million Tonnes
Oil India produced 1.021 million tonnes (MT) of crude oil from its mature and old oilfields in Q2 FY27, compared with 0.848 MT in the corresponding quarter of the previous financial year, registering an increase of around 20%.
The company also achieved its highest daily crude oil production in the last decade, reaching 11,300 tonnes on September 29, 2026. The milestone reflects its efforts to maximise output from existing oilfields and strengthen domestic crude oil production.
Numaligarh Refinery Records Higher Crude Throughput
Oil India’s material subsidiary, Numaligarh Refinery Limited (NRL), also recorded an increase in crude throughput during the quarter. NRL processed 803 thousand metric tonnes (TMT) of crude oil in Q2 FY27, compared with 753 TMT in the corresponding quarter of the previous financial year.
Oil India’s Q2 FY27 performance reflects growth in consolidated profitability, income and crude oil production. Higher output and improved crude oil price realisation supported earnings, while Numaligarh Refinery also registered higher crude throughput. The results highlight the company’s contribution to domestic hydrocarbon production and India’s energy security.
