Oil India Ltd Reports Highest-Ever Standalone PAT of ₹2,870 Cr

Oil India Limited (OIL) announced its unaudited financial results for Q1 FY27, reporting its highest-ever standalone Profit After Tax (PAT) of ₹2,870 Crore, a 2.5 times increase year-on-year from ₹813 Crore in Q1 FY26. This surge was driven by an 11% growth in crude oil production and a crude oil price realization of USD 98.73/bbl. Consolidated PAT also saw significant growth, rising 97% YoY to ₹4,027 crore. The company produced 0.950 MMT of crude oil in Q1FY27. Its subsidiary, NRL, achieved a 167% PAT growth to ₹1,305 crore with a GRM of $35.95/bbl. OIL also reported a natural gas discovery in the Andaman Basin and set a new onshore well displacement record in Assam.