Conference Call for Q1-2026-27 Financial Results - Transcript

3ftrd €Esr fr{ETb FroHd orqtrq /Corporate Office Oil India Limited arrgtotl House, d Ei. / Plot No.19,frodSector-16A, e{ urr 6d s il& 6F nrE d ffisTfi-d d qtr a' i$ Phl om no eiO a-20 1 301 (s.c.) (U. P.) +9 1 -1 20-24 1 9000 A Maharatna CPSE under d-*a/E-mail : oilindia@dlindia.in Government of lndia Ref. No. OtL/SEC/32-334{S Ir-llSIl Dated: 12.08.2026 National Stock Exchange of India Limited BSE Limited lixclrange Pla'za. Department of Corporate Servicc Plot No. C/1. G Block. Phiroze .leejeebhoy lowers Bandra Kurla Clomplex, Dalal Street Bandra (lr). Mumbai - 400 051 Mumbai - 400 001 Symbol: OII- Security Code:533106 Sub: Conference Call for Ol-2026-27 Financial Results -'l'ranscript Ref: Rceulation 30 of the SEBI (LODR) Reeulations.20l5 Sir/Madam. Wc write lurther to our letter of even no. dated 04.08.2026 & 10.08.2026 rcgarding C-'or"rf'crcncc Call ICon Calll lbr Irinancial Results ol'the Company lbr Ql (l:Y 2026-27) and subnrit hercwith the-l'ranscript of the said Con Call [dated 10.08.2026], which has also bccn uploadcd on our website as detailed hcrcundcr: w\yly.o]_!:!!dfe.co l + Investors .=? Investor Services -? Analysts / Investors Mcct 'l'ranscript of the Analysts' and Investors' Call on l0tl' August 2026. Wcblink:https://www.oil-india.com/files/investor_services_documents/Transcript*0.pdf 'l'his is for your information & records please. '['hanking you, Yours Iaithlirlly. Iror Oil India Linritccl A.K. Sahoo Company Secretary & Conrpliancc Ollrccr Hncl.: As above- dfrqd6Htdqgf'ffiMr4,Eqrr6.srsfl, /Regd. Office Duliajan, Pin - 786602, Dibrugarh, Assam, fel.: +913742804510, +913742800427 Web: www.oi!-india.com I CIN - L11101AS1959GO1001148 “Oil India Limited Q1 FY27 Earnings Conference Call” August 10, 2026 MANAGEMENT: MR. ABHIJIT MAJUMDER – DIRECTOR FINANCE – OIL INDIA LIMITED MR. SALOMA YOMDO – DIRECTOR EXPLORATION AND DEVELOPMENT – OIL INDIA LIMITED MR. TRAILUKYA BORGOHAIN – DIRECTOR OPERATIONS – OIL INDIA LIMITED MR. BHASKAR JYOTI PHUKAN – MANAGING DIRECTOR – NUMALIGARH REFINERY LIMITED MR. AJAYA KUMAR SAHOO – EXECUTIVE DIRECTOR – COMPANY SECRETARY – OIL INDIA LIMITED MR. ABHIJIT DAS – CHIEF GENERAL MANAGER (FINANCE AND ACCOUNTS) – OIL INDIA LIMITED MODERATOR: MR. KISHAN MUNDHRA – DAM CAPITAL Page 1 of 22 Oil India Limited August 10, 2026 Moderator: Ladies and gentlemen, good day and welcome to Oil India Q1 FY27 Earnings call. 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 assistance during this conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Kishan Mundhra from DAM Capital. Thank you, and over to you, sir. Kishan Mundhra: Hi, thanks, Atharva. Good afternoon everyone and a warm welcome to the Q1 FY27 Earnings call of Oil India. And to discuss the results we have the management with us, which is represented by Mr. Abhijit Majumder, who is the Director Finance; Mr. Saloma Yomdo, Director Exploration and Development; Mr. Trailukya Borgohain, Director Operations; Mr. Bhaskar Jyoti Phukan, MD NRL; Mr. Ajaya Kumar Sahoo, ED, Company Secretary; Mr. Raghunath Mishra, ED Business Development and Mr. Abhijit Das, CGM Finance and Accounts. Now at this point, I will hand over the floor to the management for their opening remarks, post which we will open the floor for the Q&A. With that, over to you, sir. Abhijit Majumder: Thank you, Mr. Kishan. Good afternoon, ladies and gentlemen. I would like to thank DAM Capital for hosting today's investor and analyst concall for Oil India Limited. I am Abhijit Majumder, Director Finance of your company. I am happy to inform the investor community that I am joined by my colleagues on the board, Mr. Saloma Yomdo, Director Exploration and Development, Oil India Limited, Mr. Trailukya Borgohain, Director Operations, OIL, Mr. Bhaskar Jyoti Phukan, MD NRL; Mr. Ajaya Kumar Sahoo, ED, Company Secretary, OIL; Mr. Raghunath Mishra, ED Business Development and Mr. Abhijit Das, CGM F&A and CIRO. On behalf of the management, I welcome you to our Q1 FY26-27 Earnings call, covering the period April’ 26 to 30th of June 26. The financial results were approved by the board and duly published on 7th August 2026 based on statutory requirements. It gives me great pleasure to welcome our esteemed shareholders and members of the analyst community. I am very pleased to inform you all that this quarter has been a great quarter as far as the company is concerned. The company has achieved stupendous milestones on several parameters which all will be covered in the presentation that will follow. Your continued support, engagement and valuable insights inspire us to pursue excellence in execution, uphold the highest standards of accountability and create enduring value through sustainable growth. During the first quarter of 2026-27, our performance reflects the strength of our operational foundation. We maintained steady progress across all core business activities, advanced our drilling and development programs and continued to uphold the disciplined approach to financial management. These efforts underscore our commitment to delivering consistent growth while creating enduring value for all stakeholders. So I will now hand over to Chief Investor Relations Officer, Mr. Abhijit Das, who will provide an overview of the first quarter performance. Thank you. Page 2 of 22 Oil India Limited August 10, 2026 Abhijit Das: Thank you, dear sir. Good afternoon, ladies and gentlemen who have joined us on this call. I take this opportunity to share Oil India's operational and financial highlights and the performance of our material subsidiary NRL. From operational point of view, we have achieved 1.707 million oil and oil equivalent of production during this quarter. The crude oil production for the quarter was 0.95 MMT, which has increased by 11 plus percentage on year-to-year basis. Our daily crude oil production has ramped up to 10,921 MT per day on 27th of June 2026, which was highest ever daily production the company has ever recorded. The natural gas production on quarter-to-quarter has increased by 0.4%. From exploration and development front, the progress has remained strong. In fact, much higher than what we have achieved in any of our previous years. Our company has drilled 17 new wells during the quarter, out of which 7 are exploratory wells and 10 are development wells. From financial front, the crude oil price realization was USD98.73 per barrel vis-a-vis USD66.20 per barrel as compared to the previous year. The natural gas price stood at USD7.19 per MMBtu in this quarter as compared to 6.72$ in the previous quarter of the last financial year. The standalone operating revenue of Q1 FY27 is INR7,958 crores, which is highest ever quarterly revenue earned by Oil India Limited since it got listed in the financial year 2009-2010. We have also achieved the highest ever EBITDA during this quarter, which is 4,605 crores, as the margin is 54% plus as compared to 34% plus in the previous quarter of the last year. The profit before tax for this quarter is 3,742 crores, which is highest ever quarterly profit achieved by the company after its listing with the stock exchanges. We have also achieved the highest ever PAT in this year which is INR2,870 crore as compared to INR813 crores in the previous year. Our earning per share stood at Rs. 17.65 per quarter as compared to Rs. 5 per share in the previous quarter. The performance of our material subsidiary NRL, I take the opportunity to share with you the performance of Numaligarh Refinery Limited. The operating income of our material subsidiary was INR9,146 crores, which was 45% higher vis-a-vis Q1 of FY26. The capacity utilization of the refinery was 105% and the distillate yield is 87% for the quarter. The gross refinery margin is USD35.95 p [Showing first 8,000 characters — download PDF for full document]