Oil India Limited — Investor Meet, 03-06-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Oil India Limited posted consolidated revenue of ₹37,830 crore (+0.5% YoY), EBITDA of ₹12,823 crore, and PAT of ₹7,039 crore (+1%). Upstream production reached 6.7 million tons oil equivalent; average crude price was $78.09/barrel. Numaligarh Refinery ran at 102% capacity with a $5.14/barrel margin, targeting tripling capacity by end-2025.

OIL aims to boost upstream output to 10-12 MMTPA by 2030 via exploration, partnerships, and tech. Renewables focus includes 2 GW solar, bioethanol, green hydrogen, and biogas. Management reaffirmed FY28 oil/gas targets, highlighting pipeline expansions and conservative debt. Investor concerns on drilling delays were noted, with plans for 78 wells. The company’s outlook remains confident, balancing growth, stable realizations, and disciplined capital spending.