State-owned Oil India Ltd’s standalone net profit more than doubled year-on-year (YoY) to ₹2,259 crore for the September quarter, aided by improved price realisations and higher crude oil production.

The company also declared an interim dividend of ₹7 per equity share alongside its results.

Revenue from operations increased 42% YoY to ₹8,071.33 crore during the quarter.

Crude oil production from the company’s mature and ageing oilfields rose 20% to 1.021 million metric tonnes (MMT), providing a boost to its operational performance.

Meanwhile, Numaligarh Refinery Ltd (NRL), a material subsidiary of Oil India, reported a 6.6% increase in crude throughput to 803 thousand metric tonnes (TMT) during the quarter. The refinery sustained capacity utilisation of more than 100%.

NRL’s gross refining margin (GRM), a key indicator of refining profitability, surged to $28.24 per barrel in the first half of FY27, compared with $7.73 per barrel in the corresponding period last year.