State-run Oil India (OIL) reported a 36 per cent decline in its consolidated net profit at around ₹1,497 crore in Q4 FY25 largely on account of fall in crude oil and gas prices.

However, net profit of the exploration and production (E&P) firm was higher by 3 per cent.

OIL’s consolidated total income was lower at ₹9,970 crore in Q4 FY25, compared to ₹10,375 crore in Q4 FY24. It reported a total income of ₹9,391 crore in Q3 FY25.

“Continuing the growth story, OIL pursued its efforts towards ensuring Nation’s Energy Security by sustaining Production from its matured and old oilfields,” it said in a statement.

OIL’s crude oil price realisation during Q4FY25 was lower at $74.46 per barrel against $83.41. For FY25 as well the realisation was lower at $78.09 a barrel against $83.03 in FY24.

Crude oil sales during Q4FY25 were almost flat at 0.848 million tonnes (mt). For FY25, sales rose by almost 2 per cent year-on-year (y-o-y) to 3.346 mt.

Natural gas sales in Q4FY25 rose 4 per cent y-o-y at 0.643 billion cubic meters (BCM). For FY25, the sales rose 6 per cent y-o-y at 2.579 BCM.

The company achieved the highest-ever combined Oil and Gas production (O+OEG) of 6.71 million tonnes of oil equivalent (MTOE) during FY25.

Crude oil production for FY25 increased by 2.95 per cent to 3.458 mt and natural gas production increased by 2.20 per cent to 3.252 billion cubic meters (BCM) and is the highest ever achieved by the company since its inception, it added.

“The Board of Directors recommended a final dividend of ₹1.50 per equity share (face value of ₹10 per equity share). This is in addition to the 100 per cent dividend paid by the company by way of interim dividend during the year,” OIL said.

Published on May 22, 2025