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Oil India reports 33% rise in Q2 net profit

13 Nov 2018 Evaluate

Oil India has reported results for second quarter ended September 30, 2018.

The company has reported 33.44% rise in its net profit at Rs 862.01 crore for the quarter under review as compared to Rs 645.97 crore for the same quarter in the previous year. Total income of the company increased by 43.74% at Rs 4,031.41 crore for Q2FY19 as compared Rs 2,804.73 crore for the corresponding quarter previous year.

Oil India, a Navratna Company, is Asia's oldest and biggest pioneer oil exploration and Production Company.

Peers
Company Name CMP
ONGC 221.10
Oil India 442.65
Jindal Drilling&Inds 572.80
Deep Industries 746.50
Asian Energy Service 450.15
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