State-owned Oil India Limited reported a 5% drop in net profit at Rs 904 crore for the quarte ended September 2013. It was Rs 954 crore in the same period a year ago.
However, the total income rose 9% to Rs 3,184 crore as against Rs 2,913 crore in September 2012.
At 1500 hours, the company's stocks on BSE were trading 1% higher at Rs 463 apiece.