Oil India Q3 profit halves to ₹709 crore

Sarkaritel
By Sarkaritel February 11, 2020 10:48


Oil India Limited has reported a 709.39-crore consolidated net profit for the third quarter of financial year 2019-20. This is half the 1,422.87 crore net profit reported by the company in the corresponding quarter of financial year 2018-19.

A BSE filing said that the board of OIL has declared interim dividend of 90 per cent or  9 per share for 2019-20.

Consolidated total income during the period also reported a decline to 3,093.72 crore. This is 23.13 per cent lower than the 4,024.81-crore total income reported by OIL in the comparable quarter of the last fiscal.

A company statement said that the average crude oil price realisation during the quarter under review was $63.27 a barrel which was 5.10 per cent lower compared to the crude oil price realisation of $ 66.67 a barrel during the same quarter of the previous financial year.

Sarkaritel
By Sarkaritel February 11, 2020 10:48