Oil India Limited Declares 35% Interim Dividend Amidst Declining Q2 Profits

Oil India Limited (OIL), a Maharatna CPSE under the Indian government, has announced a 35% interim dividend for the fiscal year 2025-2026. This dividend is part of the company's efforts in crude oil and natural gas exploration, production, and transportation. The PSU stock has also set a record date for this dividend distribution.

The interim dividend declared by OIL amounts to Rs. 3.50 per share, representing 35% of the paid-up capital for FY26. Shareholders eligible for this dividend will be determined based on records as of Friday, November 21, 2025. The company plans to disburse the dividend by December 14, 2025.

For the quarter ending September 30, 2025, Oil India's standalone net profit decreased by 43.1%, reaching Rs 1,044.02 crore compared to Rs 1,834.07 crore in Q2 FY25. Despite this decline in profit, revenue from operations saw a year-on-year increase of 4.01%, amounting to Rs 5,456.64 crore.

Profit before tax for the same period was reported at Rs 1,317.59 crore, marking a significant drop of 42.85% from Rs 2,305.36 crore in the previous year. These figures reflect the company's financial performance during the second quarter and half-year ending September 30, 2025.

Riyank Arora, a technical analyst at Mehta Equities Ltd., commented on Oil India's stock performance: "Oil India is consolidating after a strong multi-month rally. The stock is above key moving averages, showing trend strength, but momentum indicators are flattening. Support sits near ₹420, while resistance is around ₹450-455. A breakout above resistance could restart the uptrend; otherwise, sideways action may continue."

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