Oil India Ltd Q1 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 4 Aug 2026 | Oil | Market Cap: ₹72.2K Cr
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.
Price
₹475
Market Cap
₹72.2K Cr
P/E Ratio
10.9
How does Oil India Ltd rank in Oil?
Compare Oil India Ltd against every Oil company this quarter on revenue, margins and earnings-call signals.
Oil India Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹9.3K Cr, net profit ₹2.4K Cr.
Full financials →📊 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).
- →**Dividend and Subsidiary Contributions:**
- → - Increased contributions from subsidiaries and foreign investments expected to support consolidated PAT growth.
📈 Profitability & Margins
- →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 (FY26 standalone), INR 7,300 crores (NRL FY27)
- →Improvement expected as DNPL pipeline capacity enhances from 1 to 2 BCM, supporting gas output growth
- →Excise duty rate hike benefits profit by ~INR 118 crores in Q1 FY26
- →Dividend inflows from Russian investments continue strong, contributing significantly to consolidated profit
- →Refinery expansion at Numaligarh to commission phased capacity from December 2025, ramping throughput and margins over next 2 years
- →Management expects overall resilient and disciplined performance with focus on production growth and long-term value creation
- →Earnings per share impacted currently by crude price decline but expected to stabilize with operational ramp-up and refinery expansion
🏗️ 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.
- →Green hydrogen plant development in Himachal Pradesh (Baddi).
- →Bioethanol plant in Northeast to be commissioned by September 8, 2025.
💰 Fundraising & Capital Structure
- →There is no explicit mention of any new fundraising through debt or equity in the provided transcript.
- →The company has disclosed planned capital expenditure (capex) for FY '26 and '27:
- → - Standalone capex for FY '25-'26 is INR 6,995 crores (~INR 7,000 crores).
- → - Standalone capex for FY '26-'27 is INR 7,585 crores.
- → - Numaligarh Refinery Limited (NRL) has a capex target of around INR 9,133 crores for the current year.
- →The company discusses investment plans in various projects, including renewable energy, but no indication of raising funds through equity or new debt has been mentioned.
- →Most spending appears to be funded through internal accruals and existing resources.
- →Dividend receipts from foreign assets (Russia) continue to contribute to financial strength, indicating stable cash flow but no direct fundraising plans.
📋 Order Book & Pipeline
Key Metrics
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 concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.