34.5 C
New Delhi
June 6, 2026

Public Sector NewsSlider

Oil India Q1 net profit hikes 4% to Rs 1,613 crore

by New Desk33
09oil india

New Delhi, Aug 09: Oil India Limited, accorded Maharatnastatus recentlyby the Govt. of India, posted a rise of 3.7% in its Profit after Tax in the first quarter of FY 24at ₹1,613.43 crore against ₹1,555.49 crore in Q1 of last FY.

The growth comes on the strength of a5.3% growth in its crude oil productionto 0.820 MMT in Q1 of FY 24 vis-à-vis 0.729 MMT produced in Q1 of last FY, coupled with lower operatingcosts.The Earnings Per Share (EPS) for the period ended 30th June 2023 has increased to ₹ 14.88/share as compared to ₹ 14.34/share in the previous comparative period, while the EBITDA margin for the period ended 30th June 2023 has increased to 53.49% as compared to 44.76% in the previous comparative period, an increase of 19.51%.

Oil India Board, in its 545thBoard Meeting held on 08th August 2023, approved the Q1 FY24 results for period ending 30th June 2023. Details of Q1 FY24 results are as follows.

DetailsUnitQ1
 2023-24		Q1
 2022-23
A. Financial  
Total IncomeRs. Crore4,978.806,029.86
TurnoverRs. Crore4,644.735,964.09
Net ProfitRs. Crore1,613.431,555.49
Earnings per shareRs. / share14.8814.34
EBITDARs. Crore2,662.982,698.67
EBITDA Margin%age53.49%44.76%
    
B. Crude Oil Price  
Crude Oil Price RealizationUSD/Barrel76.85112.73
    
C. Production   
Crude OilMMT0.8200.779
Natural GasBCM0.7450.771
Oil + Oil equivalentMMTOE1.5651.550
    
D. Sales   
Crude OilMMT0.7470.764
Natural GasBCM0.5440.594
Oil + Oil equivalentMMTOE1.2911.358

Related posts :

PFC Marks Vigilance Awareness Week 2025 on Theme “Vigilance – Our Shared Responsibility”PFC Marks Vigilance Awareness Week 2025 on Theme “Vigilance – Our Shared Responsibility” PFC Q3 results: Profit up 15% YoY to ₹4,763.33 crore, ₹4 dividend declaredPFC Q3 results: Profit up 15% YoY to ₹4,763.33 crore, ₹4 dividend declared India sources more LNG from UAE in push for green energyIndia sources more LNG from UAE in push for green energy ONGC and Oil India Sign Joint Operating AgreementONGC and Oil India Sign Joint Operating Agreement for three Blocks awarded in OALP round IX SBI raises home loan rates by 25 basis points for new borrowersSBI to revise IMPS charges from August 15 for certain transactions Centre Inks ₹2,312 Crore Agreement with HAL for Supply of 8 Dornier 228 AircraftCentre Inks ₹2,312 Crore Agreement with HAL for Supply of 8 Dornier 228 Aircraft
Ameya Sathaye — Publisher & Editor-in-Chief at Sarkaritel.com | Featured on Doordarshan | Taken Initiative to Promote Water Conservation by organising Jal Yodha Samman to honour Water Conservators from all over the country.