Oil India posts Q2 profit jump, declares ₹7 interim dividend
In short
Oil India said its standalone Q2 FY27 profit more than doubled to ₹2,259.42 crore, and revenue rose to ₹8,071.33 crore. The board also approved an interim dividend of ₹7 per share, with November 20 as the record date.
This matters for investors because the company is sharing cash with shareholders and showing stronger quarterly earnings.
What the reporting says
Oil India reported standalone Q2 FY27 net profit of ₹2,259.42 crore, more than double a year earlier, while revenue rose to ₹8,071.33 crore. The board approved an interim dividend of ₹7 per share and set November 20 as the record date. The results point to stronger quarterly performance and a cash return for shareholders.
Why it matters
Oil India reported a sharp year-on-year jump in standalone Q2 FY27 profit and higher revenue, then approved an interim dividend of ₹7 per share. The November 20 record date sets who can receive the payout. For investors, the update combines earnings momentum with a near-term dividend event.