November 13, 2026: State-owned petroleum upstream firm Oil India announced its July to September quarter results for the financial year 2026-27 on Thursday, November 12, in which the company posted a strong growth in profits due to elevated revenues emerging from the higher price of crude oil in the market.

As per the latest NSE filing, Oil India recorded a 61.6% year-on-year (YoY) growth in its consolidated net profit after tax (attributable to owners) to ₹23.09 billion in the second quarter of FY27, in comparison to ₹14.29 billion in the corresponding quarter a year ago.

The company’s revenue from core operations advanced around 30% YoY to ₹119.15 billion in the September quarter of FY27, compared with ₹91.75 billion in the same quarter of the previous financial year.

The revenue gain was largely supported by the higher price of crude oil in the market due to the West Asia conflict between the United States and Iran. Oil India is an oil upstream company which benefits from the higher crude oil prices in the market, as it can sell their production at an elevated price.

Data further showed that the company’s crude oil revenues witnessed a sharp 75% increase to ₹61.46 billion in Q2 FY27, from ₹35.1225 billion in the same period a year earlier, as per the consolidated statements.

(Source: Upstox)