Oil India reports 24% rise in Q2 net profit

Oil India has reported results for the second quarter ended September 30, 2011.

The company’s net profit after tax for the quarter has rose 24.29% at Rs 1138.52 crore as compared to Rs 916.03 crore for the corresponding quarter of the previous year. The company’s total income has increased by 50.11% at Rs 3952.58 crore for the second quarter of the current fiscal from Rs 2633.21 crore for the corresponding quarter of the previous year.