India · Delayed Price · Currency is INR Oil India Earnings Call Transcripts
Fiscal Year 2026
-
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.
-
Q2 FY26 saw revenue growth quarter-on-quarter but lower year-over-year profits due to a sharp drop in crude prices and significant write-offs. Production guidance for FY26 was revised downward after disruptions, but expansion projects and refinery ramp-ups remain on track.
-
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
-
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.
-
Q2 FY25 saw strong year-over-year growth in crude oil and gas production, with higher profits and turnover. Infrastructure upgrades and refinery expansion are on track, while demand and customer offtake remain key constraints. Major CapEx is focused on upstream and refinery projects.
-
Q1 FY25 saw strong growth in oil and gas production, higher turnover, and improved consolidated profit, though margins were impacted by higher statutory levies. NRL's performance rebounded sharply, and major expansion projects and drilling plans remain on track.