Oil India zooms on reporting marginal rise in Q3 consolidated net profit
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Oil India is currently trading at Rs. 568.00, up by 69.05 points or 13.84% from its previous closing of Rs. 498.95 on the BSE.
The scrip opened at Rs. 506.10 and has touched a high and low of Rs. 575.45 and Rs. 503.80 respectively. So far 880431 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 575.45 on 15-Feb-2024 and a 52 week low of Rs. 238.25 on 27-Feb-2023.
Last one week high and low of the scrip stood at Rs. 575.45 and Rs. 443.90 respectively. The current market cap of the company is Rs. 61382.76 crore.
The promoters holding in the company stood at 56.66%, while Institutions and Non-Institutions held 36.84% and 6.51% respectively.
Oil India has reported results for third quarter ended December 31, 2023 (Q3FY24).
The company has reported 9.27% fall in its net profit at Rs 1584.28 crore for the third quarter ended December 31, 2023 as compared to Rs 1746.10 crore for the same quarter in the previous year. However, total income of the company increased by 5.71% at Rs 6323.02 crore for Q3FY24 as compared Rs 5981.63 crore for corresponding quarter of the previous year.
On consolidated basis, the company has reported 3.13% rise in net profit at Rs 2607.66 crore for Q3FY24 as compared to Rs 2528.59 crore for the same quarter in the previous year. However, total income of the company increased by 7.29% at Rs 11493.10 crore for Q3FY24 as compared Rs 10712.11 crore for corresponding quarter of the previous year.
