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Oil India Ltd Q1FY24; 57% fall in Profits

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 Ltd reported Revenues for Q1FY24 of ₹6,208.00 Crores down from ₹10,678.00 Crore year on year, a fall of 41.86%.

Total Expenses for Q1FY24 of ₹4,624.00 Crores down from ₹6,516.00 Crores year on year, a fall of 29.04%.

Consolidated Net Profit of ₹1,399.00 Crores down 56.69% from ₹3,230.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹13.16, down 49.13% from ₹25.87 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Categories: AlphaGraphs Energy
Tags: oil
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