Oil India Q3 Profit Drops 17% to Rs 411 Crore

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New Delhi : Oil India Ltd, the country’s second largest state explorer, on Friday reported a 17 per cent drop in December quarter net profit at Rs 410.7 crore. Net profit in October-December of the previous fiscal year was Rs 498.3 crore, the company said in a regulatory filing. Sales increased to Rs 2,583.75 crore in the quarter under review, as against Rs 2,489.9 crore in the quarter ended December 2014.