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2025-02-11 03:46:37 pm | Source: Accord Fintech
Oil India jumps despite reporting 44% drop in Q3 consolidated net profit
Oil India jumps despite reporting 44% drop in Q3 consolidated net profit

Oil India is currently trading at Rs. 409.90, up by 4.70 points or 1.16% from its previous closing of Rs. 405.20 on the BSE.

The scrip opened at Rs. 405.00 and has touched a high and low of Rs. 410.55 and Rs. 395.05 respectively. So far 81294 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 767.30 on 30-Aug-2024 and a 52 week low of Rs. 296.08 on 13-Feb-2024.

Last one week high and low of the scrip stood at Rs. 436.80 and Rs. 395.05 respectively. The current market cap of the company is Rs. 66585.19 crore.

The promoters holding in the company stood at 56.66%, while Institutions and Non-Institutions held 36.54% and 6.80% respectively.

Oil India has reported 22.88% fall in net profit at Rs 1221.80 crore for Q3FY25 as compared to Rs 1584.28 crore for the same quarter in the previous year. Total income of the company decreased by 14.15% at Rs 5428.29 crore for Q3FY25 as compared to Rs 6323.02 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 44.12% fall in its net profit at Rs 1457.20 crore for the quarter ended December 31, 2024 as compared to Rs 2607.66 crore for the same quarter in the previous year. Total income of the company decreased by 18.29% at Rs 9391.25 crore for Q3FY25 as compared to Rs 11493.10 crore for the corresponding quarter previous year.

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