Oil India has reported results for third quarter ended December 31, 2015.
The company has reported 17.59% fall in its net profit at Rs 410.65 crore for the quarter ended December 31, 2015 as compared to Rs 498.28 crore for the same quarter in the previous year. However, the company’s total income has increased by 3.77% to Rs 2583.75 crore for the quarter under review from Rs 2489.90 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, while IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.
