Q3 2026 Oil India Ltd Earnings Call Transcript
Key Points
- Oil India Ltd (BOM:533106) reported a steady operational performance with a combined production of 4.991 million metric tons of oil equivalent for the first nine months of FY26.
- The company achieved a significant milestone with the highest crude oil production in the last decade, reaching 9,861 metric tons as of December 31, 2025.
- Oil India Ltd (BOM:533106) has made substantial progress in its exploration and development efforts, drilling 19 new wells in Q3 and 51 wells over the nine-month period, achieving 65% of its annual target.
- The company is advancing its midstream projects, with the Nomali God Siligudi product pipeline expansion achieving mechanical completion and the Juliajan Nomaliad pipeline expansion expected to be commissioned by April 2026.
- Oil India Ltd (BOM:533106) is focusing on renewable energy initiatives and has a growing footprint in this area, aligning with India's national priority for clean energy.
- The average price realization for crude oil in Q3 FY26 was $62.84 per barrel, a decline from $73.8 per barrel in Q3 FY25, impacting operating revenues.
- Natural gas sales were affected by reduced uptake from customers, leading to temporary shutdowns of units, although these have since been lifted.
- The company's contract costs increased significantly, attributed to deeper well drilling and enhanced exploration efforts, raising concerns about cost management.
- Oil India Ltd (BOM:533106) faces challenges in gas monetization due to pipeline connectivity issues, which could delay the realization of increased gas production.
- The company's standalone operating revenue margin decreased slightly to 33.96% in Q3 FY26 from 34.82% in the previous quarter, indicating pressure on profitability.
It.
Please stay connected.
The call will begin shortly.
Good morning, and gentlemen, and welcome to the All India Limited, Q3 FY26 earnings con cor.
Hosted by Antiquestockoking Limited.
As a reminder, all participant lines will be in the listen-only mode.
And there will be an opportunity for you to ask questions after the presentation concludes.
Should you need assistance during this conference call.
Please signal an operator by pressing some 0 on a touchstone phone.
Please note that this conference is being recorded.
I now had the coils over to Mr. Varrajan from antique Stockloking Limited.
Thank you and over to you, sir
Good morning, everyone.
I would like to send a very warm welcome to all the participants and management of Oil India Limited.
To this call
We have with us Doctor Ranjitra.
Chairman managing director, Mr.
Abhijit Majimba,
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