Oil India Q2 Results | Net profit surges 28% QoQ; declares ₹3.50 dividend

State-owned Oil India Ltd on Friday (November 14) reported a 28% quarter-on-quarter increase in net profit to ₹1,044 crore for the September quarter, compared with ₹813.5 crore in the previous quarter.

Revenue rose 8.9% QoQ to ₹5,456 crore from ₹5,012 crore. EBITDA declined 17.5% QoQ to ₹1,324.7 crore against ₹1,606 crore. EBITDA margin fell to 24.3% from 32% in the previous quarter.

Oil India declared an interim dividend of ₹3.50 per share, equivalent to 35% of its paid-up capital, for the financial year 2025–26. The company said the dividend will be paid on or before December 14 2025. The board has set Friday, 21 November 2025, as the record date to determine the shareholders eligible to receive the interim dividend for 2025–26.

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Oil and oil-equivalent gas (O+OEG) production remained stable, with output at 1.652 MMTOE in Q2 FY26 versus 1.674 MMTOE in the corresponding quarter last year. The company’s material subsidiary, Numaligarh Refinery Ltd (NRL), sustained crude throughput at 753 TMT, up from 683 TMT in Q2 FY25, marking a capacity utilisation of 100.38%.

During the quarter, NRL commissioned India's first 2G bioethanol plant, built using bamboo as feedstock, in a landmark development inaugurated by the Prime Minister. Oil India also reached mechanical completion for upgrading the Numaligarh–Siliguri Product Pipeline (NSPL), a key infrastructure project.

Additionally, force majeure was lifted in November 2025 for the Area-1 Offshore LNG Block in Mozambique, where Oil India holds a 4% participating interest, clearing the path for operational progress after being suspended since May 2021.

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Shares of Oil India Ltd ended at ₹434.40, up by ₹0.10, or 0.023%, on the BSE.Read about our editorial guidelines and ethics policy