Oil India report 38% fall in Q2 consolidated net profit
11th Nov 2019

Oil India has reported results for second quarter ended September 30, 2019.

The company has reported 27.24% fall in its net profit at Rs 627.23 crore for the quarter under review as compared to Rs 862.01 crore for the same quarter in the previous year. Total income of the company decreased by 13.64% at Rs 3481.52 crore for Q2FY20 as compared Rs 4031.41 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 38.02% in its net profit at Rs 661.53 crore for the quarter under review as compared to Rs 1067.26 crore for the same quarter in the previous year. Total income of the company decreased by 14.98% at Rs 3399.81 crore for Q2FY20 as compared Rs 3998.76 crore for the corresponding quarter previous year.