Oil India Net Profit More Than Doubles in Q2 with Interim Dividend Announced

Financial Results

Oil India Corporation reported that its standalone net profit more than doubled during the second quarter of financial year 2026-27. The board of directors announced the quarterly numbers on Thursday, November 12. Net profit reached 2,259.42 crore rupees in the quarter, compared to 1,044.02 crore rupees during the same period last year. This standalone profit figure leaves out earnings from joint ventures and operations outside the country.

Revenue and Margins

Net revenue from operations grew to 8,071.33 crore rupees for the quarter, up from 5,456.72 crore rupees a year ago. Crude oil realisation went up by 35 percent to 92.24 dollars per barrel, compared to 68.19 dollars per barrel previously. The company net profit margin grew to 27.99 percent, rising from 19.13 percent in the year-ago period. Ahead of the results, shares of the public sector undertaking closed 1.01 percent lower at 440.50 rupees per share on the BSE, giving the firm a market value of 71,652.07 crore rupees.

Dividend Payout

The board approved an interim dividend of 7 rupees per share, which is 70 percent of the stock face value of 10 rupees. The company expects to pay this payout on or before December 12, 2026, based on its filing with the BSE. Friday, November 20, serves as the record date to decide which shareholders qualify for the payment. Investors must hold the stock on or before this date to receive the dividend.

Context

Public sector oil companies in India often tie their dividend announcements and payouts to strong quarterly financial performance driven by shifts in global crude oil prices and production realizations. Corporate actions like interim dividends reward existing shareholders while providing steady cash flow for retail and institutional investors alike.