Oil India's Profit Soars on Strong Revenue and Margin Expansion
Oil India's Q1 profit surged 96.8% year-on-year, driven by a sharp rise in revenue and a significant expansion in net profit margin.
Oil India reported a stellar Q1 FY27, with profit nearly doubling year-on-year. The surge was powered by robust revenue growth and a major improvement in profitability.
Oil India has kicked off the new fiscal year with a powerful earnings surge. The state-run explorer's profit for the first quarter of FY27 nearly doubled compared to the same period last year, a result of strong revenue growth and a significant expansion in profitability.
The company's revenue for the quarter ended June 2026 rose to ₹12,886 crore, a 47.3% increase year-on-year and a 28.7% jump from the previous quarter. Profit after tax grew even faster, soaring 96.8% year-on-year to ₹4,027 crore. This acceleration highlights impressive operating leverage, with the net profit margin expanding by 780 basis points to 31.2% from 23.4% a year ago.
A look at the recent quarterly trajectory shows a clear trend of recovery and acceleration.
Revenue (₹ Cr)
Profit (₹ Cr)
Net Profit Margin (%)
| Metric | CurrentQ1 FY27 | PreviousQ4 FY26 | Same quarter LYQ1 FY26 |
|---|---|---|---|
| Period Ended | June 2026 | March 2026 | June 2025 |
| Revenue (₹ Cr) | 12,886.27YoY +47% | 10,012.77 | 8,749.94 |
| Profit (₹ Cr) | 4,026.83YoY +97% | 2,424.46 | 2,046.51 |
| Net Profit Margin (%) | 31.2YoY +33% | 24.2 | 23.4 |
The table illustrates a steady climb in revenue over the past year, while profit and margins have shown a more pronounced recovery from a dip in the middle quarters of FY26. The latest quarter's performance lifts the trailing-twelve-month (TTM) net profit margin to 23.1%, comfortably above the full-year FY26 margin of 19.5%.
This earnings momentum has been reflected in the stock's performance, which has delivered a 16.9% return over the past year and a robust 36% annualized return over three years. Despite this run, the stock trades at a P/E of 11.7, which represents a premium to its industry peers. The company's latest results demonstrate its ability to translate top-line growth directly to the bottom line, setting a high bar for the quarters ahead.
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· OIL
(BSE)
ISIN: INE274J01014
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