Oil India Results

Analysts at JM Financial Institutional Securities have maintained their 'Buy' rating on Oil India with a revised target price of Rs 700 per share as risk-reward is still reasonable

Its profit fell 9 per cent year-on-year to Rs 1,467 crore (about $175 million) in the three months ended June 30, falling behind analysts' predicted profit of Rs 1,687 crore, per LSEG data

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Shares of oil exploration & production firms were in the limelight on Thursday, where Oil India climbed over 7 per cent, amid hopes of more focus on domestic exploration and production (E&P). The stock of Oil India jumped 7.55 per cent while Hindustan Oil Exploration Company zoomed 6.42 per cent on the BSE. Shares of Selan Exploration Technology climbed 4.27 per cent and ONGC went up by 2.26 per cent. Oil India and ONGC also hit record-high levels in intra-day trade. Oil Minister Hardeep Singh Puri on Thursday called for stepping up the oil and gas hunt to cut India's reliance on imports and make available fuel in an affordable and sustainable way. Speaking at the Urja Varta conference, he said the exploration and production (E&P) sector is integral in the journey towards energy self-sufficiency, which is critical for sustained economic growth. "E&P offers investment opportunities worth USD 100 billion by 2030," he said. Stating that India's exploration and production .

Despite tech shares propelling the Nasdaq Composite to record highs, most Asia-Pacific markets saw declines

Oil India took on charges related to an ongoing litigation over a service tax demand raised in the states of Assam, Arunachal Pradesh and Rajasthan

Lower expenses helped oil explorer register profit in Q1 FY24

Sequentially, the company's quarterly net profit rose 2.4%. In the previous quarter, profit after tax had stood at Rs 1,746.10 crore

Revenue from operations stood at Rs 5,649.65 cr in Q4FY23, rising by 26.15% from Rs 4,478.61 cr in Q4 of the previous fiscal

State-run explorer Oil India reported a bigger-than-expected 40% jump in third-quarter profit on Friday, aided by increased production and better price realisation

Net profit at Rs 1,630.01 crore in January-March was almost double of Rs 847.56 crore profit in the same period of last year, OIL Director (Finance) Harish Madhav told reporters

State-owned Oil India Ltd on Friday reported 37 per cent jump in third quarter net profit as it benefitted from a rise in international oil prices. Net profit of Rs 1,244.90 crore in October-December 2021 is compared with Rs 903.69 crore net profit a year back, the company said in a statement. Total income jumped 88 per cent to Rs 4,705.20 crore in the three-month period ended December 31, 2021. "Average crude oil price realization for Q3 2021-22 is USD 78.59 per barrel as compared to USD 44.09 for Q3 of 2020-21, increase of 78.25 per cent," it said. Also, natural gas price rose to USD 2.90 per million British thermal unit from USD 1.79. While natural gas production rose 18 per cent to 0.793 billion cubic meters in Q3, crude oil production was almost unchanged at 0.75 million tonne. Board of OIL declared a second interim dividend of Rs 5.75 per share for 2021-22 which resulted in total interim dividend till date of Rs 9.25 per share for the fiscal year. For nine months ended Dec

Consolidated total income during the period under review stood at Rs 7,420.13 crore, up from Rs 5,598.55 crore a year ago

Turnover rose to Rs 3,909.61 crore in the fourth quarter of 2020-21 fiscal year from Rs 3,583.72 crore a year back

Out of Rs 227.51 crore, Rs 134.12 crore has been booked during September quarter.

Oil India Ltd on Saturday reported a net loss of Rs 249 crore in the first quarter of current fiscal year as compared to a net profit of Rs 625 crore in Q1 FY20

It had reported a pre-tax profit of Rs 89.22 crore in the corresponding period of 2018-19

The company realised crude oil at $61.30 per barrel during the September quarter

Analysts on average had expected the company to post a profit of Rs 430 crore

This is despite posting highest-ever crude oil production of 3.277 million tonnes