Oil India Ltd is engaged in exploration, development and production of crude oil and natural gas, transportation of crude oil and production of LPG. It also provides various E&P related services for oil blocks.
Financial Results:
- Oil India Limited reported Total Income for Q4FY23 of ₹ 8,937 Crores up from ₹ 9,294 Crore year on year, a fall of 4%.
- Total Expenses for Q4FY23 of ₹ 5,851 Crores up from ₹ 5,591 Crores year on year, rise of 5%.
- Consolidated Net Profit of ₹ 1,980 Crores, down 22% from ₹ 2,527 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹ 16.07, down 18% from ₹ 19.53 in the same quarter of the previous year.