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Rakesh Kumar

22nd Aug · SEBI-Registered Analyst

Oil India Limited Results Analysis-Q1FY27

Oil India Financial performance and key Operating Metrics (Consolidated) : Operating Revenue for Q1FY27 is Rs. 12,886 Crs., 47.27% growth YoY, Total Income is Rs. 13,236 Crs., 46.98% growth YoY, Gross Profit is Rs. 10,225 Crs., 68.1% growth YoY, EBITDA is Rs. 5,793 Crs., 146.4% growth YoY, EBITDA Margin is 44.95% improved by 1809 basis points YoY, PBT Rs. 5,322 Crs., 112.46% growth YoY, PAT Rs. 4027 Crs. 96.77% growth YoY. On QoQ basis Operating Revenue is up by 28.7%, Total Income is also up by 25.88%, Gross Profit is up by 43.29%, EBITDA is up by 76.56%, PBT is up by 70.63% and PAT is also up by 66.09%. Upstream production (OIL): 1.707 MMTOE in Q1, Crude: 0.95 MMT (+11% YoY). Crude realization: USD 98.73/bbl (vs USD 66.20/bbl in Q1 FY26). Gas price realization : USD 7.19/MMBtu (vs USD 6.72/MMBtu in prior-year quarter). NRL (material subsidiary) performance : Operating income: INR 9,146 cr (+45% YoY), EBITDA: INR 1,843 cr (vs INR 786 cr YoY); PAT: INR 1,305 cr (vs INR 488 cr). NRL earnings are exceptionally strong due to crack environment, Utilization: 105%; distillate yield 87%, GRM: USD 35.95/bbl (vs USD 5.02/bbl in Q1 FY26). Gas upside is gated by infrastructure, with multiple near-term unlocks. Exploration intensity is stepping up materially (FY27 target 42 exploratory wells), while deepwater entry is being de-risked via government funding mechanisms plus TOTAL/Petrobras technical scrutiny. !oilindia

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