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Oil India reports marginal rise in Q3 consolidated net profit

14 Feb 2024 Evaluate

Oil India has reported results for third quarter ended December 31, 2023 (Q3FY24).

The company has reported 9.27% fall in its net profit at Rs 1584.28 crore for the third quarter ended December 31, 2023 as compared to Rs 1746.10 crore for the same quarter in the previous year. However, total income of the company increased by 5.71% at Rs 6323.02 crore for Q3FY24 as compared Rs 5981.63 crore for corresponding quarter of the previous year. 

On consolidated basis, the company has reported 3.13% rise in net profit at Rs 2607.66 crore for Q3FY24 as compared to Rs 2528.59 crore for the same quarter in the previous year. However, total income of the company increased by 7.29% at Rs 11493.10 crore for Q3FY24 as compared Rs 10712.11 crore for corresponding quarter of the previous year.

Peers
Company Name CMP
ONGC 222.70
Oil India 442.15
Jindal Drilling&Inds 586.50
Deep Industries 748.55
Asian Energy Service 465.75
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