India · Delayed Price · Currency is INR Oil India Earnings Call Transcripts
Fiscal Year 2026
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Strong financial growth with 3% revenue and 7% PAT increase, robust dividend, and record oil production mark the year. Major refinery and pipeline expansions, aggressive exploration, and new energy initiatives position the group for higher output and sustainability.
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Q3 FY26 saw stable revenues and profits, with strong operational execution and record drilling activity. NRL refinery margins surged on high diesel spreads, and major pipeline and refinery expansions remain on track. Production growth targets hinge on drilling and gas evacuation infrastructure.
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Revenue and profit declined year-over-year due to lower crude prices and production disruptions, but sequential growth was achieved. NRL delivered strong margins and utilization, while major CapEx and expansion projects remain on track. Production guidance was revised downward, but recovery efforts are ongoing.
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Q1 FY2025 saw lower standalone profits due to a 22% drop in crude prices, but consolidated PAT was supported by strong subsidiary and JV contributions. CapEx remains robust, with major investments in refinery expansion and renewables, and production targets are set to rise in coming years.
Fiscal Year 2025
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Q3 FY25 saw modest growth in oil and gas production, but lower crude prices and refining margins impacted profits. Expansion projects and aggressive exploration continue, with long-term targets of 4 MMT oil and 5 BCM gas by FY27-28.
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Crude oil and gas production rose YoY, driving a 7.6% increase in H1 FY25 turnover and a doubling of consolidated PAT. NRL refinery expansion and new pipelines are set to unlock further growth, with significant CapEx focused on upstream and infrastructure projects.
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Q1 FY25 saw strong growth in crude oil and gas production, with turnover up 25.73% and consolidated PAT rising to INR 2,016 crore. NRL's performance rebounded sharply, and major expansion projects remain on track, though margins were impacted by higher statutory levies.