Noida, Aug 10 Oil India Board in its 535th Board Meeting held on 10th August’2022 approved the Q1 FY 2022-23 results. Details of Q1 FY 2022-23 results. Oil India Limited (OIL) has reported 206% increase in Profit After Tax (PAT) during Q1FY23 at Rs.1,555.49 crore from Rs.507.94 crore in Q1FY22.
The turnover has increased by 96.36% to Rs.6,029.86 crore during Q1FY23 vis-à-vis Rs.3,070.78 crore in Q1 FY 22. 3. The Earnings Per Share (EPS) for Q1FY23 also increased to Rs.14.34/share from Rs.4.68/share for Q1FY22.
The Company realised average crude price of US$ 112.73 / bbl in Q1FY23 vis-à-vis US$ 67.15 / bbl in Q1FY22. Average Natural Gas price for Q1FY23 also increased to US$ 6.10 / MMBTU vis-à-vis US$ 1.79 / MMBTU during Q1FY22.
Company has reported increase of 4.14% in its Crude Oil production for Q1FY23 to 0.779 MMT vis-à-vis 0.748 MMT of production in Q4FY22 as well as Q1FY22.
Natural Gas production for Q1FY23 was also higher at 771 MMSCM vis-à-vis 734 MMSCM in Q4FY22 and 711 MMSCM in Q1FY22, registering increase of 5.04% sequentially and 8.44% over corresponding quarter last year.
OIL’s group turnover has recorded rise of 86.51% increase to Rs.11,566.93 crore in Q1FY23 from Rs.6,201.88 crore in Q1FY22. Group PAT of OIL for Q1FY23 also increased to Rs.3,230.23 crore from Rs.1,214.65 crore in Q1FY22.
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