Oil India Q2 FY27 Standalone Profit Doubles to ₹2,259 Cr; Declares ₹7 Dividend
Oil India's Q2 FY27 standalone PAT surged 116% YoY to ₹2,259.42 crore on ₹8,071.33 crore revenue, aided by 20% higher crude output.
Key Takeaways
- Standalone PAT jumped 116% YoY to ₹2,259.42 crore on standalone revenue from operations of ₹8,071.33 crore; consolidated PAT rose 53% YoY to ₹2,521 crore.
- Crude oil realizations rose 35% YoY to $92.24/bbl alongside a 20% increase in crude output (1.021 MMT), though consolidated EBITDA fell 31% QoQ to ₹3,971 crore.
- The board declared an interim dividend of ₹7.00 per share with November 20, 2026 set as the record date.
Oil India Limited (OIL) reported a 116% year-on-year surge in standalone net profit to ₹2,259.42 crore for Q2 FY27 on November 12, 2026, buoyed by higher crude oil production and stronger global price realizations.
What Happened
Standalone revenue from operations came in at ₹8,071.33 crore, while standalone PAT more than doubled from ₹1,044 crore in Q2 FY26 to ₹2,259.42 crore. On a consolidated basis, revenue from operations grew roughly 30% YoY to ₹11,914.80 crore (total income of ₹12,303.71 crore), and consolidated PAT rose 53% YoY to ₹2,521 crore (versus ₹1,644 crore a year ago).
The board approved an interim dividend of ₹7.00 per equity share (face value ₹10), fixing November 20, 2026 as the record date.
Q2 FY27 Financial & Operational Snapshot
| Metric | Q2 FY27 | YoY / QoQ Comparison |
|---|---|---|
| Standalone Revenue from Operations | ₹8,071.33 cr | — |
| Standalone PAT | ₹2,259.42 cr | +116% YoY (vs ₹1,044 cr) |
| Consolidated Revenue from Operations | ₹11,914.80 cr | +30% YoY |
| Consolidated PAT | ₹2,521 cr | +53% YoY (vs ₹1,644 cr) |
| Consolidated EBITDA | ₹3,971 cr | -31% QoQ (vs ₹5,792 cr) |
| Consolidated EBITDA Margin | 34.4% | -1,190 bps QoQ (vs 46.3%) |
| Crude Oil Realization | $92.24/bbl | +35% YoY (vs $68.19/bbl) |
Operational growth was driven by a 20% YoY increase in crude oil production to 1.021 million metric tonnes (MMT) alongside the 35% jump in crude realizations. Sequentially, however, consolidated EBITDA fell 31% QoQ to ₹3,971 crore as EBITDA margins compressed from 46.3% in Q1 FY27 to 34.4%.
Oil India's upstream operations benefit from relatively low lifting costs compared to private sector peers, and its northeast India fields continue to yield steady production volumes. The company's investment in renewable energy and green hydrogen through partnerships adds a strategic hedge against long-term hydrocarbon demand risks. For income-focused investors, Oil India's consistent dividend track record — this being the second consecutive year with a mid-year interim dividend — reinforces its appeal as a government-backed, yield-generating energy stock, particularly in a rising-rate environment where dividend sustainability is scrutinised closely.
Independent TradeKaizen Analysis & Key Risks
TradeKaizen Analysis: While annual comparisons look exceptionally strong due to both higher volumes (1.021 MMT) and $92.24/bbl crude realizations against a low $68.19/bbl base last year, the 1,190 bps sequential EBITDA margin compression warrants close attention. Upstream realizations remain highly sensitive to Brent moves and refining-subsidiary margin cycles.
Key risks include a pullback in global crude prices toward $80–85/bbl, potential windfall or statutory levy adjustments, and capital expenditure execution across Numaligarh Refinery expansion projects.
Disclaimer: This report is for informational purposes only and does not constitute investment advice.
Sources & References
- View sourceLivemintNews Report
Oil India Q2 FY27 Results: Standalone Profit More Than Doubles, ₹7 Interim Dividend Declared
- View sourceBusiness StandardNews Report
Oil India Q2 FY27: Crude Output Up 20%, Realization Averages $92.24/bbl
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