Oil India trades higher on reporting 45% rise in Q2 consolidated net profit
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Oil India is currently trading at Rs. 197.95, up by 2.10 points or 1.07% from its previous closing of Rs. 195.85 on the BSE.
The scrip opened at Rs. 198.10 and has touched a high and low of Rs. 200.25 and Rs. 196.00 respectively. So far 92344 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 306.00 on 09-Jun-2022 and a 52 week low of Rs. 168.30 on 28-Sep-2022.
Last one week high and low of the scrip stood at Rs. 200.25 and Rs. 193.05 respectively. The current market cap of the company is Rs. 21460.38 crore.
The promoters holding in the company stood at 56.66%, while Institutions and Non-Institutions held 37.02% and 6.33% respectively.
Oil India has reported over 3-fold jump in its net profit at Rs 1,720.53 crore for Q2FY23 as compared to Rs 504.46 crore for the corresponding quarter previous year. Total income of the company increased by 81.33% to Rs 6670.81 crore for the quarter under review as compared to Rs 3678.76 crore for the same quarter in the previous year.
On the consolidated basis, the company has reported rise of 45.49% in its net profit at Rs 2,115.83 crore for the quarter under review as compared to Rs 1,454.28 crore for the same quarter in the previous year. Total income of the company increased by 41.02% to Rs 10463.87 crore for the quarter under review as compared to Rs 7420.13 crore for the same quarter in the previous year.
