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Informist, Friday, Nov. 14, 2025

--Oil India Jul-Sept net profit INR 10.44 bln 

--Analysts saw Oil India Jul-Sept net profit at INR 15.28 bln 

--Oil India Jul-Sept revenue INR 54.57 bln 

--Analysts saw Oil India Jul-Sept revenue at INR 52.88 bln 

--Oil India Jul-Sept net profit INR 10.44 bln vs INR 18.34 bln year ago 

--Oil India Jul-Sept revenue INR 54.57 bln vs INR 55.19 bln year ago 

--Oil India to pay INR 3.50 per share interim dividend 

--Oil India interim dividend record date is Nov 21 

--Oil India Apr-Sept net profit INR 18.58 bln vs INR 33.01 bln year ago 

--Oil India Apr-Sept revenue INR 104.69 bln vs INR 113.59 bln year ago 

--Oil India Jul-Sept crude oil revenue INR 35.12 bln vs INR 39.79 bln yr ago  

--Oil India Q2 natural gas revenue INR 14.19 bln vs INR 13.27 bln year ago 

--Oil India Jul-Sept crude price realisation $68.19/bbl vs $79.33/bbl yr ago 

--Oil India Jul-Sept operating margin 13.69% vs 30.43% year ago 

By Pallavi Singhal

NEW DELHI – Oil India Ltd. Friday reported a sharp drop in profitability for the Jul–Sept quarter as lower crude oil realisations and weaker margins largely offset stable revenues. The state-owned oil explorer posted a standalone net profit of INR 10.44 billion, down 43% from a year earlier, way short of the Street estimate of INR 15.28 billion. 

Revenue from operations was broadly steady at INR 54.57 billion, slightly below last year's INR 55.19 billion, but above the analysts' estimate of INR 52.88 billion.

The decline in profits was driven by a notable slide in crude prices. Oil India's crude oil realisation in the quarter fell to $68.19 per barrel from $79.33 a year earlier, the company said in a release. Correspondingly, crude oil revenue dropped to INR 35.12 billion from INR 39.79 billion a year ago.

Natural gas provided some support, with segment revenue rising to INR 14.19 billion from INR 13.27 billion a year ago. LPG revenue stood at INR 463 million, against INR 433 billion a year earlier, while revenue from pipeline transportation increased to INR 4.45 billion from INR 136 billion in the same quarter last year.

Total expenses for the quarter rose over 22% on year to INR 49.70 billion. Statutory levies eased almost 8% to INR 12.71 billion. Contract costs, however, climbed more than 21% to INR 5.22 billion, while employee benefits expenses increased 16% to INR 5.26 billion. Depreciation, depletion and amortisation expenses were up 15% at INR 5.78 billion, and finance costs rose over 13% to INR 2.60 billion. The company's other expenses saw the sharpest jump, surging 162% to INR 16.94 billion from INR 6.46 billion in the year-ago quarter.

A rise in expenses cut the company's operating margin to more than half in the quarter to 13.69%, compared with 30.43% a year earlier.

In the six months ended September, Oil India reported a standalone net profit of INR 18.58 billion, down from INR 33.01 billion a year ago. Revenue for the half-year was INR 104.69 billion, against INR 113.59 billion in the corresponding period last year.

Oil India reported production of 1.65 million tonnes of oil and oil-equivalent gas in the quarter, down over 1% on year. Numaligarh Refinery Ltd., its material subsidiary, processed 753,000 tonnes of crude, compared with 683,000 tonnes a year ago. 

The company's board declared an interim dividend of INR 3.50 per share, with the record date set for Nov. 21.

Friday, the company's shares closed 0.6% higher at INR 436.85 on the National Stock Exchange. The company announced its September quarter results after market hours. End

US$1 = INR 88.74

Edited by Saji George Titus

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