- NEW DELHI —
Government-owned Oil India Limited (OIL) reported a 10.13 per cent increase in
net profit to INR 6,114.19 crore for the financial year ended March 31, 2025,
driven by record-high oil and gas production.
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- The upstream oil company achieved its highest-ever total
production of 6.71 MMTOE, with crude oil output rising 2.95 per cent to 3.458
MMT and natural gas production increasing 2.20 per cent to 3.252 BCM.
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- The company said it “has achieved the highest-ever combined
oil and gas production of 6.71 MMTOE during FY25. Crude Oil production for the
year ended 31 March 2025 increased by 2.95 per cent to 3.458 MMT and the
Natural Gas production during FY25 increased by 2.20 per cent to 3.252 BCM and
is the highest ever achieved by the company since its inception."
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- Lauding the company’s performance, Minister of Petroleum and
Natural Gas Hardeep Singh Puri said: “India’s energy sector PSUs continue to
make remarkable contributions to India’s journey towards energy security under
the visionary leadership of PM Narendra Modi. Kudos to Oil India Limited on
their exceptional financial performance with a robust 10 per cent growth of INR
6,114 crore in standalone PAT, and highest-ever production of 6.71 MMTOE.
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- "An impressive consolidated PAT of INR 7,039 crore,
driven by downstream oil refining subsidiary NRL’s strong INR 1608 crore profit
and $5.14/bbl GRM (gross refining margin (GRM), reflects the company’s
strategic strength,” the minister added.
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- The company’s board has recommended a final dividend of INR
1.50 per share, in addition to the 100 per cent interim dividend already paid
during the year.
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- Despite the strong annual performance, OIL’s fourth-quarter
results reflected pressure from lower crude prices and operational margins. Q4
FY25 net profit dropped 22 per cent to INR 1,591.48 crore from INR 2,028.83
crore in the same period last year.
