Oil India's profit more than doubles with interim dividend and record date announced.
Context
What happened: Oil India reported standalone Q2 FY27 net profit more than doubled year over year, and its board approved an interim dividend of ₹7 per share with a November 20 record date.
Key numbers: Net profit ₹2,259.42 crore vs ₹1,044.02 crore a year earlier. Revenue ₹8,071.33 crore vs ₹5,456.72 crore. Crude realisation $92.24 per barrel, up 35%. Net margin 27.99% vs 19.13%.
Why it matters: Profit more than doubled on higher crude realisations and an expanded margin. The stock slipped ahead of the results announcement as investors awaited the numbers.