State-owned Oil India Ltd (Oil) reported a 23% decline in its third quarter net profit due to a fall in sales price for crude oil.
According to the company’s statement, net income was from October 2024 to April 2024 to March 2024 to March 2025 to March 2025 (FY25) (2025 March 2025) It was 1,221.80 trillion rupees for the month (FY25).
The nation’s second-largest state-owned oil and gas producer won US$73.82 for all barrels produced and sold for US$84.14 per barrel from October to December 2023.
EBITDA was lower at Rs 2,321.34 in the third quarter, compared to Rs 2,613.75 the previous year. The decline in oil prices caused turnovers to slip from Rs 5,815.02 in the third quarter of FY24 to Rs 5,239.66 crore.
The company’s oil and gas production remained almost unchanged between October and December 2024, at 806.88 million tons and 0890 million cubic meters, respectively. For the first nine months of the current fiscal year, net income rose 28% to Rs 4,522.71 trillion.
“For the nine months ended December 31, 2024, the company has registered a cumulative hike of 4.10% in crude production, increasing from 2.51 million tonnes produced during the 2024 response period to 2.6114 million tonnes. I did,” the statement said. “The company also registered a 2.90% surge in standard cubic meter cumulative gas production of 2,446 million in 25 quarters from 2,377 MMSCMD registered in the third quarter.
The Petroleum Commission recommended a provisional dividend of Rs 7 per share. This means that the total provisional dividends declared by the company through the third quarter is Rs 10 per share.
