Oil India Q4 results: Standalone PAT rises 9.7% to Rs 1,788 crore; PSU’s board announces Rs 5.5/share dividend
Oil India Q4 results: Oil India on Wednesday reported a 9.7 per cent year-on-year increase in net profit to Rs 1,788.3 crore for the quarter ended March 2023.
Oil India Q4 Results: Oil India on Wednesday reported a standalone net profit of Rs 1,788.3 crore for the quarter ended March 2023, marking an increase of 9.7 per cent compared with the corresponding period a year ago.
Its revenue expanded 26.1 per cent on a year-on-year basis to Rs 5,649.7 crore, according to a regulatory filing.
For the full year, which ended on March 31, 2023, the state-run oil company reported its highest ever net profit, of Rs 6,810.4 crore, driven by higher operating income, and growth in the production of oil and gas, according to a statement.
"The company, over the last six decades, continued its journey of growth in oil & gas production from its matured and recently discovered oilfields during the last fiscal (year), with 5.5 per cent growth in oil production at 3.18 MMT and 4.4 per cent growth in gas production at 3.18 BCM, which scaled another height of registering the highest ever gas production by the company ever since its inception," Oil India said.
Oil India dividend
Oil India's board recommended a final dividend of Rs 5.5 per share for the financial year 2022-23 — a 55 per cent payout given the face value of Rs 10 per share.
With that, the company took its total dividend to Rs 20 per share for the financial year.
Catch latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
RCB vs CSK IPL 2024 Ticket Booking Online: Where and how to buy RCB vs CSK tickets online - Check IPL Match 68 ticket price, other details
SIP Returns: How Rs 3,000, 5,000, and Rs 10,000 SIPs can help you build retirement corpus of Rs 1.06 cr, Rs 1.77 cr, and Rs 3.53 cr
Women loco pilots speak about their struggle; many men have to be informed even for 'washroom break' in a moving train
Bandhan Bank Q4 FY24 Results Preview: PAT, interest income likely to grow in almost double digits; asset quality may improve
08:25 AM IST