Oil India’s Q4 net dips 21%

Oil India has reported results for the quarter and year ended March 31, 2012.

The company’s net profit for the fourth quarter ended March 31, 2012 fell by 20.94% to Rs 444.81 crore as compared to Rs 562.61 crore for the quarter ended March 31, 2011. The total income has decreased by 5.24% to Rs 2141.00 crore for the quarter under review from Rs 2259.30 crore for the corresponding quarter of the previous year.

For the year ended March 31, 2012, the company’s net profit jumped 19.36% to Rs 3446.92 crore as compared to Rs 2887.73 crore for the previous year. The company’s total income has increased by 22.99% to Rs 11308.60 crore for the year from Rs 9194.49 crore in the previous year.

On consolidated basis, the Group’s net profit after taxes, minority interest and share of associates stood at Rs 3469.18 crore for the year under review as compared to Rs 2883.76 crore for the period ago, up by 20.30%. Its total income has increased by 22.99% to Rs 11308.60 crore for the year ended March 31, 2012 from Rs 9194.46 crore in the previous year.