Oil India Ltd. (OIL) Q2 FY26 Financial Performance and Strategic Update

Oil India Ltd.'s performance for the second quarter of the 2025-2026 financial year Net Profit: Reported at ₹1,044 crore, a significant 28% increase compared to ₹813.5 crore in the previous quarter (Q1 FY26). Revenue from Operations: Grew 8.9% QoQ to ₹5,456 crore, up from ₹5,012 crore. EBITDA: Stood at ₹1,324.7 crore, marking a 17.5% decline QoQ. EBITDA Margin: Experienced contraction, settling at 24.3% for the quarter, compared to 32% in Q1 FY26. dividends 💰 Shareholder Returns Reflecting its strong financial position, the Board has approved a significant return to shareholders. Interim Dividend: An interim dividend of ₹3.50 per share has been declared (35% of paid-up capital). Record Date: The record date for determining shareholder eligibility is November 21, 2025. Payment Date: The dividend will be paid on or before December 14, 2025. ⚙️ Operational & Strategic Developments Operational performance remained steady, supported by strong subsidiary output and progress on key strategic projects. Production: Oil and oil-equivalent gas (O+OEG) production was stable at 1.652 MMTOE. Subsidiary Performance (NRL): The company's subsidiary, Numaligarh Refinery Ltd (NRL), operated at 100.38% capacity utilization, with crude throughput increasing to 753 TMT from 683 TMT in the corresponding quarter last year. Infrastructure & Energy Transition: NRL successfully commissioned India's first 2G bioethanol plant utilizing bamboo feedstock, a landmark achievement in sustainable energy. Mechanical completion was achieved for the Numaligarh–Siliguri Product Pipeline (NSPL) upgrade, enhancing key infrastructure. International Assets: In a major positive development, force majeure was lifted in November 2025 for the Area-1 Offshore LNG Block in Mozambique (where OIL holds a 4% PI), paving the way for operational resumption after suspension since May 2021.