Oil India zooms on reporting 66% rise in Q3 consolidated net profit
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Oil India is currently trading at Rs. 239.15, up by 15.65 points or 7.00% from its previous closing of Rs. 223.50 on the BSE.
The scrip opened at Rs. 233.30 and has touched a high and low of Rs. 242.60 and Rs. 233.30 respectively. So far 389288 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. 242.60 and Rs. 210.20 respectively. The current market cap of the company is Rs. 25922.71 crore.
The promoters holding in the company stood at 56.66%, while Institutions and Non-Institutions held 37.44% and 5.91% respectively.
Oil India has reported results for third quarter ended December 31, 2022 (Q3FY23).
The company has reported rise of 40.26% in its net profit at Rs 1746.10 crore for Q3FY23 as compared to Rs 1244.90 crore for the same quarter in the previous year. Total income of the company increased by 27.13% at Rs 5981.63 crore for the quarter under review as compared Rs 4705.20 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported rise of 66.03% in its net profit at Rs 2528.59 crore for Q3FY23 as compared to Rs 1522.96 crore for the same quarter in the previous year. Total income of the company increased by 31.23% to Rs 10712.11 crore for the quarter under review as compared to Rs 8162.56 crore for the same quarter in the previous year.
