Q2 2026 Oil India Ltd Earnings Call Transcript
Key Points
- Oil India Ltd (BOM:533106) achieved 100% of its drilling targets for Q2 FY26, with 18 new wells drilled, marking a 28% increase year-over-year.
- The company successfully commissioned the mechanical completion of a new pipeline on October 12, 2025, enhancing its midstream capabilities.
- Oil India Ltd's subsidiary, NRL, achieved a capacity utilization of over 100% with a distillate yield of 86% for Q2 FY26.
- The company reported a 28.8% growth in profit after tax (PAT) on a quarter-to-quarter basis for Q2 FY26.
- Oil India Ltd declared a dividend of ₹3.50 per share, reflecting its commitment to returning value to shareholders.
- Oil India Ltd experienced a decrease in crude oil price realization by 18.11% year-over-year, impacting revenue significantly.
- The company's EBITDA margin decreased to 34% from 47% in the previous quarter due to reduced revenue and write-offs.
- There was a temporary production slowdown in the northeast region, affecting oil and gas production volumes.
- Higher other expenses were reported due to write-offs related to blocks in Bangladesh and Gabon, amounting to around INR 700 crore.
- Employee expenses increased due to a government-mandated gratuity liability adjustment, impacting financial performance.
Ladies and gentlemen, good day and welcome to All India Limited. You do FY26 earnings conference call hosted by Anti Stock Bookings Limited. As a reminder, all participant lines will be in listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need any assistance during the conference call, please signal an operator by pressing 0.
Please note that this conference is being recorded. I now hand the conference.
Thank you.
Very good morning to everyone. I would like to extend a very warm welcome to all the participants and the top management of Oil India Limited. We have with us today the top management of Oil India represented by Mr. Abba, director of finance.
Mrs, director of exploration and Development, Mr. Tan, director of operations. Mr. Bakar Jooun ND and Mr. Bawami ED Business Development, Mr. Ajit Sahu, ED company secretary, and Mr. Ajit CMN much ado, I would like to hand over.
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