Oil India moves up despite reporting marginal fall in Q3 consolidated net profit
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Oil India is currently trading at Rs. 232.05, up by 2.65 points or 1.16% from its previous closing of Rs. 229.40 on the BSE.
The scrip opened at Rs. 229.60 and has touched a high and low of Rs. 235.55 and Rs. 229.60 respectively. So far 50557 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. 112.00 on 12-Apr-2021.
Last one week high and low of the scrip stood at Rs. 235.55 and Rs. 221.65 respectively. The current market cap of the company is Rs. 25158.20 crore.
The promoters holding in the company stood at 56.66%, while Institutions and Non-Institutions held 28.02% and 15.33% respectively.
Oil India has reported a rise of 37.76% in its net profit at Rs 1244.90 crore for the quarter ended December 31, 2021 as compared to Rs 903.69 crore for the same quarter in the previous year. Total income of the company increased by 88.42% at Rs 4705.20 crore for Q3FY22 as compared Rs 2497.24 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported fall of 2.86% in its net profit at Rs 1522.96 crore for the quarter under review as compared to Rs 1567.85 crore for the same quarter in the previous year. However, total income of the company increased by 26.29% at Rs 8162.56 crore for Q3FY22 as compared Rs 6463.29 crore for the corresponding quarter previous year.
