DBT Bureau
Pune, 8 August 2026
Oil India Limited, a Maharatna CPSE of the Government of India, released its financial results for Q1 FY27 in an exchange filing. The Company registered its highest-ever Standalone PAT of ₹2,870 Crore in Q1 FY27 vis-à-vis ₹813 Crore in Q1 FY26, a 2.5 times YoY growth, supported by 11% growth in crude oil production and a crude oil price realisation of USD 98.73/bbl in Q1 FY27.
OIL achieved a Consolidated PAT of ₹4,027 Crore in Q1 FY27 vis-à-vis ₹2,047 Crore in Q1 FY26, a growth of 97% YoY.
In its efforts towards ensuring the Nation’s Energy Security, the Company produced 0.950 MMT of crude oil from its matured oilfields in Q1 FY27 vis-à-vis 0.853 MMT in Q1 FY26. On 27th June 2026, OIL achieved its highest-ever daily crude oil production of 10,921 MT (84,109 bbl).
OIL’s material subsidiary, NRL, achieved a robust 167% growth in PAT, rising to ₹1,305 Crore in Q1 FY27 from ₹488 Crore in Q1 FY26, with a GRM of $35.95/bbl vis-à-vis $5.02/bbl and a Distillate Yield of 87.58% vis-à-vis 85.38%.
The Company reported the discovery of natural gas in the Vijaya Puram-3 exploratory well in the Andaman Basin, reaffirming the basin’s hydrocarbon potential. Further, the Company successfully completed a highly deviated exploratory well, achieving the highest-ever horizontal displacement of 3,116 metres in an onshore well in Assam.
