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Oil India Limited Q4FY23 Earnings Story

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.
Categories: Earnings Energy
Tags: Oil & Gas
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