Oil India Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book
Published 25 Aug 2026 | Oil | Market Cap: ₹77.3K Cr
Oil India aims to maintain crude oil production at around 1 million metric tons (MMT) per quarter in FY27, targeting 4.2 MMT annually by FY29 through near-field exploration and enhanced recovery techniques like hydrofracking and radial drilling. Oil India's production is ramping up steadily, with a record daily crude oil production of 10,921 MT as of June 2026, targeting ~1 MMT each quarter in FY27. - NRL's refining capacity utilization is at 105%, with plans to commission new units by March 2027, aiming for 75% capacity utilization by FY28. - Operating costs are expected to decrease from USD4.5-5 per barrel to around USD3.5 due to facility rationalization and increased throughput. - Expansion projects (e.g., pipeline commissioning by December 2026) will enhance gas evacuation and supply, supporting higher gas sales by FY28-29. - Exploration activities are increasing, targeting 100 wells in FY27 (up from 74 previously), supported by government reimbursements, driving future production growth. - Financially, Q1 FY27 recorded the highest ever operating revenue (INR7,958 crore) and PAT (INR2,870 crore) standalone, with consolidated PAT at INR4,026 crore. - EPS rose to Rs.
From Oil India's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.
Price
₹467
Market Cap
₹77.3K Cr
P/E Ratio
9.3
Revenue Rank
Margin Rank
How does Oil India rank in Oil?
Compare Oil India against every Oil company this quarter on revenue, margins and earnings-call signals.
Oil India — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹9.3K Cr, net profit ₹2.4K Cr.
Full financials →📊 Revenue & Sales Performance
Rank 3- →Oil India aims to maintain crude oil production at around 1 million metric tons (MMT) per quarter in FY27, targeting 4.2 MMT annually by FY29 through near-field exploration and enhanced recovery techniques like hydrofracking and radial drilling.
- →Gas production is expected to ramp up to 3.8 BCM next year and targeted around 5 BCM by FY29, driven by pipeline expansions and new connections (e.g., a 200-meter pipeline within NRL, Paradip-Numaligarh pipeline completion by December 2026).
- →Numaligarh Refinery Limited (NRL) plans to reach 75% capacity utilization of 9 million tons by FY28 end, with phased commissioning completed by March 2027.
- →Enhanced gas evacuation and supply to downstream sectors, supported by government initiatives and infrastructure upgrades, should improve monetization and volume off-take.
- →Capex budget for drilling and exploration is robust, with 100 wells targeted in FY27 (up from 74 last year), including significant deepwater activity.
📈 Profitability & Margins
Rank 3- →Oil India's production is ramping up steadily, with a record daily crude oil production of 10,921 MT as of June 2026, targeting ~1 MMT each quarter in FY27.
- →NRL's refining capacity utilization is at 105%, with plans to commission new units by March 2027, aiming for 75% capacity utilization by FY28.
- →Operating costs are expected to decrease from USD4.5-5 per barrel to around USD3.5 due to facility rationalization and increased throughput.
- →Expansion projects (e.g., pipeline commissioning by December 2026) will enhance gas evacuation and supply, supporting higher gas sales by FY28-29.
- →Exploration activities are increasing, targeting 100 wells in FY27 (up from 74 previously), supported by government reimbursements, driving future production growth.
- →Financially, Q1 FY27 recorded the highest ever operating revenue (INR7,958 crore) and PAT (INR2,870 crore) standalone, with consolidated PAT at INR4,026 crore.
- →EPS rose to Rs. 17.65 in Q1 FY27 from Rs. 5 in the prior year quarter, indicating strong earnings growth expected to continue with operational ramp-ups.
🏗️ Capital Expenditure Plans
Yes- →Q1 FY27 capex spend was around INR 3,050 crores; full year budget is INR 8,600 crores, subject to revision.
- →Expansion at Numaligarh Refinery Limited (NRL):
- → - CDU VDU unit mechanically completed; statutory inspections done; commissioning targeted by Oct-Nov 2026.
- → - DHDT and SRU units near completion; full refinery project expected to complete around INR 34,000-35,000 crores capex.
- → - PPU project completion expected by spending additional INR 7,200-7,300 crores.
- →Paradip to Numaligarh pipeline nearing completion; mechanical completion by October 2026; commissioning by December 2026.
- →Deepwater exploration in Mahanadi and KG basins ongoing, with rigs scheduled for June-July 2027 and March 2028; Government and partners (TOTAL, Petrobras) supporting exploration and interpretation.
- →Plan to drill 100 wells in FY27 (up from 74 in FY26), with increased focus on offshore and ultra-deepwater blocks.
- →Government incentives via new PNG rules and Samudra Manthan scheme: reimbursements for seismic data acquisition and drilling up to INR 675 crores per well, and INR 10,000 crores for infrastructure hubs.
💰 Fundraising & Capital Structure
No information📋 Order Book & Pipeline
No informationKey Metrics
Revenue
Margin
Capex
Fundraise
Order Book
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What Oil India's management said in earlier quarters
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Frequently Asked Questions
What were Oil India Q1 FY27 results?
Oil India aims to maintain crude oil production at around 1 million metric tons (MMT) per quarter in FY27, targeting 4.2 MMT annually by FY29 through near-field exploration and enhanced recovery techniques like hydrofracking and radial drilling. Oil India's production is ramping up steadily, with a record daily crude oil production of 10,921 MT as of June 2026, targeting ~1 MMT each quarter in FY27. - NRL's refining capacity utilization is at 105%, with plans to commission new units by March 2027, aiming for 75% capacity utilization by FY28. - Operating costs are expected to decrease from USD4.5-5 per barrel to around USD3.5 due to facility rationalization and increased throughput. - Expansion projects (e.g., pipeline commissioning by December 2026) will enhance gas evacuation and supply, supporting higher gas sales by FY28-29. - Exploration activities are increasing, targeting 100 wells in FY27 (up from 74 previously), supported by government reimbursements, driving future production growth. - Financially, Q1 FY27 recorded the highest ever operating revenue (INR7,958 crore) and PAT (INR2,870 crore) standalone, with consolidated PAT at INR4,026 crore. - EPS rose to Rs.
What is Oil India share price analysis?
Oil India currently shows a below-average growth signal. The stock trades at a P/E of 9.2 with a market cap of ₹77,264 Cr. Investors should review the full earnings analysis for detailed insights.
Is Oil India planning capital expenditure?
Q1 FY27 capex spend was around INR 3,050 crores; full year budget is INR 8,600 crores, subject to revision.
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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.