Oil India has reported results for first quarter ended June 30, 2023 (Q1FY24).
The company has reported 3.72% rise in its net profit at Rs 1613.43 crore for the quarter under review as compared to Rs 1555.49 crore for the same quarter in the previous year. However, total income of the company decreased by 17.43% at Rs 4978.80 crore for Q1FY24 as compared Rs 6029.86 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 56.68% fall in net profit at Rs 1399.49 crore for the first quarter ended June 30, 2023 as compared to Rs 3230.23 crore for the same quarter in the previous year. Total income of the company decreased by 43.51% at Rs 6578.18 crore for Q1FY24 as compared Rs 11645.49 crore for the corresponding quarter previous year.