Oil India Ltd
Oil India Q1 FY26 earnings call: Revenue & Margins
Q1 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Production Volume Growth: - FY '25-26 targets: 3.70 MMT crude oil and 3.65 bcm natural gas. Production growth targets for FY26 and FY27: - Crude oil: 3.70 MMT (FY26), 3.95 MMT (FY27) - Natural gas: 3.65 BCM (FY26), 4.31 BCM (FY27) - Capex planned to support growth: ~INR 7,000 crores (FY2
From Oil India Ltd's Q1 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Production Volume Growth:
- FY '25-26 targets: 3.70 MMT crude oil and 3.65 bcm natural gas.
- FY '26-27 targets: 3.95 MMT crude oil and 4.31 bcm natural gas.
- Refinery Expansion:
- Numaligarh Refinery expansion to be commissioned in phased manner from Dec 2025.
- Initial output expected at 40% capacity utilization in second half of FY '26-27, rising to ~80% by FY '27-28.
- Pipeline and Infrastructure:
- DNPL capacity enhancement from 1 to 2 bcm, enabling gas supply growth in the Northeast.
- Feeder line to increase capacity beyond 7 bcm.
- Capex and Investments:
- FY '25-26 capex around INR 6,995 crores for upstream; INR 9,133 crores for NRL expansion.
- FY '26-27 capex expected INR 7,300 crores for NRL.
- Excise Duty Impact:
- Recent excise duty increase by INR 2 per liter (benefiting INR 1/liter) expected to positively impact revenue (~INR 118 crores in Q1).
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Profitability & Margins
See what Oil India Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- FY 2025-26 capex for Oil India standalone is approximately INR 6,995 crores.
- FY 2025-26 capex for Numaligarh Refinery Limited (NRL) is around INR 9,133 crores focusing on refinery expansion and petrochemical units.
- FY 2026-27 capex for Oil India standalone is approximately INR 7,585 crores.
- FY 2026-27 capex for NRL is around INR 7,300 crores.
- Upstream investments include drilling 15 wells in high-performing areas like Barekuri.
- Planned investments in renewable energy: INR 25,000 crores earmarked for net zero target by 2040.
- Renewable projects include around 25 compressed biogas (CBG) plants across India.
- Solar energy projects of nearly 1.9 gigawatts planned in Assam (Northeast) and Rajasthan.
- A 150-megawatt solar plant planned in Himachal Pradesh, targeted commissioning by March 2026.
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Top-ranked in Oil
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Oil India Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
Oil India Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹9.3K Cr, net profit ₹2.4K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →Continue your research
What Oil India Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q4 FY25 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q1 FY24 earnings call →
- Q4 FY23 earnings call →
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Frequently Asked Questions
What were Oil India Ltd Q1 FY26 results?
Production Volume Growth: - FY '25-26 targets: 3.70 MMT crude oil and 3.65 bcm natural gas. Production growth targets for FY26 and FY27: - Crude oil: 3.70 MMT (FY26), 3.95 MMT (FY27) - Natural gas: 3.65 BCM (FY26), 4.31 BCM (FY27) - Capex planned to support growth: ~INR 7,000 crores (FY2
What is Oil India Ltd share price analysis?
Oil India Ltd currently shows a neutral. The stock trades at a P/E of 10.9 with a market cap of ₹72,221 Cr. Investors should review the full earnings analysis for detailed insights.
Is Oil India Ltd planning capital expenditure?
FY 2025-26 capex for Oil India standalone is approximately INR 6,995 crores.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.