Oil India zooms on reporting over 3-fold jump in Q2 consolidated net profit
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Oil India is currently trading at Rs. 529.20, up by 33.75 points or 6.81% from its previous closing of Rs. 495.45 on the BSE.
The scrip opened at Rs. 502.05 and has touched a high and low of Rs. 531.05 and Rs. 495.60 respectively. So far 186505 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. 195.93 on 28-Nov-2023.
Last one week high and low of the scrip stood at Rs. 531.05 and Rs. 459.20 respectively. The current market cap of the company is Rs. 85730.36 crore.
The promoters holding in the company stood at 56.66%, while Institutions and Non-Institutions held 36.89% and 6.46% respectively.
Oil India has reported over 5-fold jump in its net profit at Rs 1,834.07 crore for the quarter ended September 30, 2024 as compared to Rs 325.31 crore for the same quarter in the previous year. However, total income of the company decreased by 3.74% at Rs 6,374.58 crore for Q2FY25 as compared to Rs 6,622.55 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported over 3-fold jump in net profit at Rs 2,069.16 crore for Q2FY25 as compared to Rs 640.36 crore for the same quarter in the previous year. However, total income of the company decreased by 3.40% at Rs 8,886.89 crore for Q2FY25 as compared to Rs 9,200.11 crore for the corresponding quarter previous year.
