What was Oil India's standalone profit for the quarter ended June 30, and how does it compare to the same period last year?

Oil India's standalone profit for the quarter ended June 30 was 28.70 billion rupees ($301.45 million), more than three-fold higher than 8.13 billion rupees a year ago.

What were the key drivers behind Oil India's sharp profit increase in Q1?

The sharp profit increase was driven by an 11% rise in crude oil production and higher crude price realisations—up 11% to $98.73 per barrel—amid a 45% year-on-year surge in average global Brent crude prices; revenue from operations jumped 59% to 79.58 billion rupees, while net profit margin more than doubled to 36.07% from 16.23% a year earlier, despite total expenses rising 15.8% to 47.37 billion rupees, largely due to a nearly 70% jump in statutory levies.

Oil India posts quarterly profit surge on crude price jump, higher production

Aug 7, 2026

Oil India reported a more than three-fold increase in first-quarter profit to 28.7 billion rupees, driven by an 11% rise in crude oil production and higher crude price realizations amidst global market tightness.

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