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Oil India reports around 3-fold jump in Q1 consolidated net profit

11 Aug 2022 Evaluate

Oil India has reported results for first quarter ended June 30, 2022.

The company has reported 3-fold jump in its net profit at Rs 1,555.49 crore for the quarter under review as compared to Rs 507.49 crore for the same quarter in the previous year. Total income of the company increased by 96.36% at Rs 6,029.86 crore for Q1FY23 as compared Rs 3,070.78 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported around 3-fold jump in its net profit at Rs 3,230.23 crore for the quarter under review as compared to Rs 1,214.65 crore for the same quarter in the previous year. Total income of the company increased by 85.54% at Rs 11,645.49 crore for Q1FY23 as compared Rs 6,276.58 crore for the corresponding quarter previous year.

Peers
Company Name CMP
ONGC 225.50
Oil India 444.40
Jindal Drilling&Inds 585.60
Deep Industries 745.85
Asian Energy Service 458.45
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