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Oil India Q3: Consolidated Profit Holds at ₹1,436 Crore, Standalone Slips on Softer Crude

Weaker crude realisations pressured upstream results, offset partly by strong refining margins.

Overview

  • Standalone net profit fell 34% year on year to ₹808 crore as crude realisation declined about 15% to $62.84 per barrel.
  • Consolidated profit after tax was ₹1,436 crore, broadly flat versus ₹1,457 crore in the year-ago quarter.
  • Revenue from operations came in at ₹4,916.10 crore, down 6.2% from a year earlier.
  • Group subsidiary Numaligarh Refinery posted ₹867 crore profit with a $16.27 per barrel GRM and was granted Navratna status.
  • Total comprehensive income swung to a ₹1,898.59 crore gain driven by ₹1,214.22 crore mark-to-market investment gains, and the Board declared a second interim dividend of ₹7 per share, taking FY26 interim payouts to ₹10.50 with a February 18 record date.