Oil India reported a 43% drop in standalone net profit to ₹1,044 crore for Q2 FY26, down from ₹1,834 crore a year ago.
Revenue rose 4% to ₹5,457 crore, with crude oil revenue falling 12% while natural gas and pipeline income grew. Operating and net profit margins narrowed sharply.
Production remained steady at 1.652 MMTOE. Numaligarh Refinery increased throughput to 753 TMT, and India’s first 2G bioethanol plant became operational.
The board approved an interim dividend of ₹3.50 per share, payable by 14 December, with 21 November as the record date. Shares rose 0.73% to ₹172.30.