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Informist, Tuesday, Aug. 12, 2025

--Oil India Apr-Jun net profit INR 8.13 bln 

--Oil India Apr-Jun net profit INR 8.13 bln vs INR 14.67 bln year ago 

--Oil India Apr-Jun revenue INR 50.12 bln vs INR 58.40 bln year ago 

--Oil India Apr-Jun crude oil revenue INR 33.12 bln vs INR 42.08 bln yr ago 

--Oil India Q1 natural gas revenue INR 14.69 bln vs INR 14.22 bln year ago 

--Oil India Apr-Jun operating margin 21.44% vs 34.42% year ago 

--Oil India Apr-Jun crude price realisation $66.20 per barrel, dn 22% on yr 

By Pallavi Singhal

NEW DELHI – State owned Oil India Ltd. Tuesday reported weak earnings for the June quarter, noting a decline in both its bottom and top line on year due to a sharp drop in crude oil price realisation, which fell 22% on year, the company said in a release. 

The public sector undertaking reported a standalone net profit of INR 8.13 billion for the June quarter, falling short of the Street's estimate of INR 12.71 billion. The company's revenue for the reporting quarter was INR 50.12 billion, lower than analysts' estimate of INR 52.03 billion. Oil India's bottom line fell 44.6% on year, while its topline declined 14.2% on year.

Oil India paid excise duty of INR 800,000 for the June quarter, unchanged from the March quarter but much lower than INR 5.08 billion paid in the year-ago quarter.  

The revenue from sale of crude oil fell to INR 33.12 billion in the quarter ended June from INR 42.08 billion a year ago, while sales of natural gas rose marginally to INR 14.69 billion from INR 14.22 billion a year ago. These two segments account for nearly 96% of the company's total revenue. Oil India's operating margin fell to 21.44% in the reporting quarter from 34.42% a year ago.

The company's total expenses increased 1.60% on year to INR 40.91 billion. A notable increase in "other expenses," which rose 165% on year and over 29% on quarter to INR 11.35 billion, led this rise and had a considerable impact on the company's bottom line. 
 

In a press release, the company said that it had reported stable oil and gas production in the first quarter of FY26, with output from its mature oilfields in the Northeast reaching 1.680 million tonnes of oil equivalent in the reporting quarter, slightly lower than 1.689 million tonnes of oil equivalent in the same quarter last year.

Accortding to the statement, the company made a hydrocarbon discovery at the Namrup-Borhat Open Acreage Licensing Policy block, marking a crucial step in expanding its exploration portfolio. The company also commenced gas production from the Bakhritibba Discovered Small Field block in Rajasthan's Jaisalmer district, it said. It said that its material subsidiary, Numaligarh Refinery Ltd., sustained its crude throughput at 799,000 tonnes in Apr-Jun, up from 764,000 tonnes in the same quarter last year.

On Tuesday, shares of the company closed 0.4% higher at INR 425.10 on the National Stock Exchange. Oil India released its earnings for the June quarter after market hours.  End

US$1 = INR 87.71

Edited by Avishek Dutta

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