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Oil India reports 31% surge in its Q4 net profit

31 May 2011 Evaluate

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.

 

Oil India Share Price

477.40 6.45 (1.37%)
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Peers
Company Name CMP
ONGC 287.50
Oil India 477.40
Jindal Drilling&Inds 547.00
Deep Industries 462.80
Asian Energy Service 300.20
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