Oil India Limited (OIL) has achieved a significant financial and operational milestone, reporting its highest-ever quarterly Standalone Profit After Tax (PAT) of Rs. 2,870 crore. The company recorded an impressive 2.5-fold year-on-year growth, supported by higher crude oil production and strong price realisation.
On a consolidated basis, OIL posted a PAT of Rs. 4,027 crore, marking a robust 97% year-on-year increase.
Key Financial & Operational Highlights:
- Record Standalone PAT: Rs. 2,870 crore, the highest-ever quarterly figure
- Consolidated PAT: Rs. 4,027 crore, registering 97% YoY growth
- Crude Oil Production: 0.950 million tonnes (MMT), reflecting an 11% increase
- Record Daily Crude Production: 10,921 MT, equivalent to 84,109 barrels per day
- Andaman Basin Exploration: Progress made in natural gas exploration activities
- Record Horizontal Displacement: 3,116 metres achieved in an onshore well in Assam, marking OIL’s highest-ever horizontal displacement
- NRL PAT Growth: Numaligarh Refinery Limited (NRL) recorded a remarkable 167% growth in PAT, reaching Rs. 1,305 crore
- NRL Gross Refining Margin: $35.95 per barrel
- NRL Distillate Yield: 87.58%
The strong quarterly performance underlines OIL’s focus on operational efficiency, technological advancement and accelerated exploration and production. The company’s continued efforts to expand domestic hydrocarbon resources are also contributing to India’s broader objective of strengthening energy security and reducing dependence on imports.
With record financial results, increased crude oil output and major technological achievements in drilling and exploration, Oil India continues to reinforce its position as a key contributor to India’s evolving energy landscape.
