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Oil India reports 9% fall in Q1 net profit

12 Aug 2015 Evaluate

Oil India has reported results for first quarter ended June 30, 2015.

The company has reported 8.97% fall in its net profit at Rs 775.42 crore for the quarter ended June 30, 2015 as compared to Rs 851.87 crore for the same quarter in the previous year. However, the company’s total income has increased by 7.79% to Rs 3159.87 crore for the quarter under review from Rs 2931.52 crore for the corresponding quarter of the 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.

Peers
Company Name CMP
ONGC 225.40
Oil India 454.00
Jindal Drilling&Inds 509.25
Deep Industries 692.95
Asian Energy Service 439.75
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