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Oil India reports 12% rise in Q3 net profit

13 Feb 2012 Evaluate

Oil India has reported results for third quarter ended December 31, 2011.

The company has posted a rise of 11.67% in its net profit after tax to Rs 1013.98 crore for the quarter ended December 31, 2011 as compared to Rs 907.98 crore for the same quarter in the previous year. Total income has increased by 7.80% to Rs 2965.38 crore for quarter under review as compared to Rs 2750.75 crore for the quarter ended December 31, 2010.

Oil India has declared second interim dividend of Rs 10 per share of face value Rs 10 paid up (i.e. 100%) for the financial year 2011-12.

Peers
Company Name CMP
ONGC 232.75
Oil India 477.00
Jindal Drilling&Inds 582.80
Deep Industries 734.55
Aban Offshore 14.20
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