Oil India has reported results for fourth quarter and year ended March 31, 2019.
The company has reported a net loss of Rs 208.54 crore for the quarter under review against net profit of Rs 866.50 crore for the same quarter in the previous year. Total income of the company decreased by 7.37% at Rs 3,506.11 crore for Q4FY19 as compared Rs 3,784.91 crore for the corresponding quarter previous year.
For the year ended March 31, 2019, the company has reported a marginal fall of 2.92% in its net profit at Rs 2,590.14 crore as compared to Rs 2,667.93 crore for the previous year. However, total income of the company increased by 24.95% at Rs 15,170.00 crore for year under review as compared to Rs 12,140.64 crore for year ended March 31, 2018.
For the year ended March 31, 2019, on the consolidated basis, the company has reported a rise of 18.40% in its net profit at Rs 3,237.80 crore as compared to Rs 2,734.62 crore for the previous year. Total income of the company increased by 27.33% at Rs 14,907.31 crore for year under review as compared to Rs 11,707.81 crore for year ended March 31, 2018.
