The activities of Oil India Limited include the exploring, processing, and extraction of natural gas and crude oil as well as the transport of crude oil and the manufacture of LPG. Additionally, it offers a range of E&P-related service for oil blocks.
Financial Results:
Due to an increase in the price of Oil & Natural gas had its highest monthly profit. The firm posted a net profit of ₹ 1,746 crores for Q3FY23, up from ₹ 1,245 crores during the same period last year.
The increased realisation on crude oil and natural gas the firm produces and distributes, contributed to the increase in profitability. Additionally, output rose, benefiting both the top line and bottom line. In the Q3FY23, Oil India realised $ 88.33 per barrel of crude oil it generated and sold, an increase from $ 78.59 per barrel in the comparable time the previous year.
Most Popular
Cochin Shipyard Ltd (COCHINSHIP) Q4 FY22 Earnings Concall Transcript
Cochin Shipyard Limited (NSE:COCHINSHIP) Q4 FY22 Earnings Concall dated May. 26, 2022 Corporate Participants: Madhu S Nair -- Chairman & Managing Director Jose V J -- Director Finance Analysts: Vastupal Shah
All you need to know about Antony Waste Handling Cell in one article
Can you guess the name of the company that was listed during the IPO frenzy in 2020 and is the second largest player in the Indian municipal waste management industry?
Demystifying the Leading Non-Ferrous Recycling Company of India
“Hey, how is the market doing today?” “Oh!, its falling tremendously since morning” I am sure news like these might be a common topic of discussion for you nowadays. Interestingly,