The Maharatna company will pay a final dividend of ₹1 per share to eligible shareholders. The dividend will be subject to final approval at the company’s Annual General Meeting scheduled for September 17. Once approved, the dividend amount will be transferred to the bank accounts of eligible shareholders within 30 days.
After the AGM approval, Oil India’s total dividend for financial year 2026 will rise to ₹11.50 per share.
The dividend announcement comes alongside strong first-quarter financial results. Oil India’s net profit for the April-June quarter rose 253% year-on-year to ₹2,870 crore, compared with ₹813 crore in the same quarter last year.
Revenue from operations also increased 58% during the quarter to ₹7,958 crore, against ₹5,012 crore in the corresponding period of the previous year.
Oil India’s shares, meanwhile, closed around 1% lower at ₹474.85 on the NSE amid the results and dividend announcement. On August 20, the stock was trading 0.42% lower at ₹472.85.
Despite the recent movement, the stock has delivered more than 15% returns over one year. Over five years, Oil India shares have recorded a substantial gain of 325.29%.
Investors seeking to benefit from the final dividend will need to hold Oil India shares by the September 4 record date. The company’s September 17 AGM will determine the final approval of the ₹1 per-share payout.
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