Oil India Q1 PAT Surges Over Three-Fold to Rs 2,870 Crore

Oil India Limited reported a significant surge in its profit after tax (PAT) for the first quarter of fiscal year 2027, jumping over three-fold to Rs 2,870 crore.

The company's revenue from operations increased by 58.77% year-over-year (YoY) to Rs 7,958.05 crore in Q1 FY27.

This growth was driven by an 11% increase in crude oil production and a higher crude oil price realization of $98.73 per barrel.

Crude oil production rose to 0.950 million metric tons (MMT) from 0.853 MMT in Q1 FY26, while profit before tax (PBT) surged by 240.92% YoY to Rs 3,741.72 crore.