OIL INDIA LTD

During the Q1 FY27 earnings conference call held on August 10, 2026, management of Oil India Limited reported strong operational and financial performance. The company achieved a crude oil production of 0.95 million metric tons (MMT), marking an 11% year-on-year increase, with a record daily production of 10,921 metric tons. The standalone operating revenue reached INR 7,958 crores, the highest quarterly revenue since the company's listing. EBITDA also hit a record high of INR 4,605 crores, with a profit before tax of INR 3,742 crores. Management highlighted ongoing drilling and development programs, with 17 new wells drilled in the quarter. The performance of the material subsidiary, Numaligarh Refinery Limited, was also noted, with significant increases in operating income and profitability. Management expressed confidence in maintaining production levels and enhancing operational capabilities moving forward.

Management highlighted strong financial and operational results, indicating a successful quarter.