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Oil India reports 37% rise in Q2 consolidated net profit

11 Nov 2021 Evaluate

Oil India has reported results for second quarter ended September 30, 2021.

The company has reported 2-fold jump in its net profit at Rs 504.46 crore for the quarter under review as compared to Rs 238.95 crore for the same quarter in the previous year. Total income of the company increased by 61.34% at Rs 3678.76 crore for Q2FY22 as compared Rs 2280.12 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 37.45% in its net profit at Rs 1454.28 crore for the quarter under review as compared to Rs 1058.07 crore for the same quarter in the previous year. Total income of the company increased by 32.54% at Rs 7420.13 crore for Q2FY22 as compared Rs 5598.55 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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