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Oil India (OIL) on Thursday reported Rs 889.69 crore consolidated profit for the third quarter of financial year 2020-2021 (Q3FY21), up 25 per cent higher from Rs 709.39 crore bottom line reported by the company in the same quarter a year earlier. Profit improved on the company getting a Rs 1,158.54 crore direct tax reversal.
The OIL Board declared an interim dividend of Rs 3.50 per share (of face value Rs 10) on Thursday.
The higher profit is despite a fall in operational performance with total income falling 27 per cent to Rs 2,246.2 crore for the quarter under review. The
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