Oil India reports over 2-fold jump in Q4 consolidated net profit
28th May 2022

Oil India has reported results for fourth quarter and year ended March 31, 2022.

The company has reported 92.32% rise in its net profit at Rs 1630.01 crore for the quarter under review as compared to Rs 847.56 crore for the same quarter in the previous year. Total income of the company increased by 27.20% at Rs 4972.91 crore for Q4FY22 as compared Rs 3909.61 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported over 2-fold jump in its net profit at Rs 2527.33 crore for the quarter under review as compared to Rs 1142.42 crore for the same quarter in the previous year. Total income of the company increased by 29.21% at Rs 9294.52 crore for Q4FY22 as compared Rs 7193.40 crore for the corresponding quarter previous year.

For the year ended March 31, 2022, the company has reported 2-fold jump in its net profit at Rs 3887.31 crore as compared to Rs 1741.59 crore for the previous year. Total income of the company increased by 55.54% at Rs 16427.65 crore for year under review as compared to Rs 10561.45 crore for year ended March 31, 2021.

For the year ended March 31, 2022, on the consolidated basis, the company has reported 62.07% rise in its net profit at Rs 6719.22 crore as compared to Rs 4145.97 crore for the previous year. Total income of the company increased by 32.07% at Rs 31153.79 crore for year under review as compared to Rs 23589.72 crore for year ended March 31, 2021.