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Oil India reports over 3-fold jump in Q2 consolidated net profit

06 Nov 2024 Evaluate

Oil India has reported results for second quarter ended September 30, 2024 (Q2FY25).

The company has reported over 5-fold jump in its net profit at Rs 1,834.07 crore for the quarter ended September 30, 2024 as compared to Rs 325.31 crore for the same quarter in the previous year. However, total income of the company decreased by 3.74% at Rs 6,374.58 crore for Q2FY25 as compared to Rs 6,622.55 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported over 3-fold jump in net profit at Rs 2,069.16 crore for Q2FY25 as compared to Rs 640.36 crore for the same quarter in the previous year. However, total income of the company decreased by 3.40% at Rs 8,886.89 crore for Q2FY25 as compared to Rs 9,200.11 crore for the corresponding quarter 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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