Oil India has reported results for the quarter and the year ended March 31, 2011.
The company’s net profit after tax for the fourth quarter has surged by 30.54% at Rs 562.61 crore as compared to Rs 430.99 crore for the corresponding quarter last year. Its total income has increased by 12.97% at Rs 2348.74 crore for the quarter under review from Rs 2079.03 crore in the corresponding previous quarter.
The company has registered growth of 10.62% in its net profit after tax for FY11 at Rs 2887.73 crore as compared to Rs 2610.52 crore for FY10. Its total income has rose 7.78% at Rs 9549.21 crore for the year from Rs 8859.72 crore in previous year.
On consolidated basis, the group’s net profit after tax for the year has jumped 10.46% at Rs 2883.69 crore as compared to Rs 2610.42 crore for the year ended March 31, 2010. Total income for the year has increased by 7.78% at 9549.18 crore as compared to Rs 8859.72 crore for the previous year.
