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Oil India reports 42% fall in Q2 consolidated net profit

10 Nov 2020 Evaluate

Oil India has reported results for second quarter ended September 30, 2020.

The company has reported 61.90% fall in its net profit of Rs 238.95 crore for the quarter under review as against net profit of Rs 627.23 crore for the same quarter in the previous year. Total income of the company decreased 34.51% at Rs 2280.12 crore for Q2FY21 as compared Rs 3481.52 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 42.29% fall in its net profit at Rs 381.75 crore for the quarter under review as against net profit of Rs 661.53 crore for the same quarter in the previous year. Total income of the company decreased by 32.74% at Rs 2286.82 crore for Q2FY21 as compared Rs 3399.81 crore for the corresponding quarter previous year.

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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