Oil India has reported results for second quarter ended September 30, 2014.
The company has registered 32.68% fall in its net profit at Rs 608.33 crore for the quarter under review as compared to Rs 903.64 crore for the same quarter in the previous year. Total income of the company has decreased 17.54% at Rs 2622.26 crore for Q2FY15 as compared Rs 3179.88 crore for the corresponding quarter previous year.
Oil India, a Navratna Company, is Asia's oldest and biggest pioneer oil exploration and Production Company. Oil India has over 1 lakh sq km of PEL/ML areas for its exploration and production activities, most of it in the Indian North East, which accounts for its entire crude oil production and majority of gas production.
