Noida, 08 Nov, 2023: Oil India Limited posted a rise of 48.29% YoY in EBIDTA margin for Q2FY24 and a rise of 50.52% YoY for the half year ended 30th September 2023. The rise in EBIDTA was backed by the company’s continued improvement in Crude Oil production, which was higher by 5.70% YoY in Q2FY24 at 0.835 MMT.
Crude Oil production for the half year ended 30th September 2023 also increased by 5.48% to 1.655 MMT vis-a-vis 1.569 MMT for the same period in FY23. The company registered an increase of 8.72% in its Natural Gas production during Q2FY24 over Q1FY24. The Earnings Per Share for the half year ended 30th September 2023 is ₹ 17.88/share. Details of Q2 FY24 results are as follows. Details Unit Q2 2023-24 Q2 2022-23 Half Yearly 2023-24 Half Yearly 2022-23
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