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Oil India jumps on reporting over 2-fold jump in Q4 consolidated net profit
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Oil India is currently trading at Rs. 224.40, up by 6.45 points or 2.96% from its previous closing of Rs. 217.95 on the BSE.
The scrip opened at Rs. 226.45 and has touched a high and low of Rs. 229.00 and Rs. 223.70 respectively. So far 30177 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 267.70 on 01-Oct-2021 and a 52 week low of Rs. 130.00 on 01-Jun-2021.
Last one week high and low of the scrip stood at Rs. 240.55 and Rs. 215.60 respectively. The current market cap of the company is Rs. 24453.34 crore.
The promoters holding in the company stood at 56.66%, while Institutions and Non-Institutions held 28.07% and 15.27% respectively.
Oil India has reported 92.32% rise in its net profit at Rs 1630.01 crore for the quarter ended March 31, 2022 as compared to Rs 847.56 crore for the same quarter in the previous year. Total income of the company increased by 27.20% at Rs 4972.91 crore for Q4FY22 as compared Rs 3909.61 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported over 2-fold jump in its net profit at Rs 2527.33 crore for the quarter under review as compared to Rs 1142.42 crore for the same quarter in the previous year. Total income of the company increased by 29.21% at Rs 9294.52 crore for Q4FY22 as compared Rs 7193.40 crore for the corresponding quarter previous year.
For the year ended March 31, 2022, the company has reported 2-fold jump in its net profit at Rs 3887.31 crore as compared to Rs 1741.59 crore for the previous year. Total income of the company increased by 55.54% at Rs 16427.65 crore for year under review as compared to Rs 10561.45 crore for year ended March 31, 2021.
For the year ended March 31, 2022, on the consolidated basis, the company has reported 62.07% rise in its net profit at Rs 6719.22 crore as compared to Rs 4145.97 crore for the previous year. Total income of the company increased by 32.07% at Rs 31153.79 crore for year under review as compared to Rs 23589.72 crore for year ended March 31, 2021.
