Energy exploration and production major Oil India on Monday reported an exponential increase of nearly Rs 848 crore rise in its net profit for the fourth quarter of 2017-18.
According to the company, its net profit during the quarter under review rose to Rs 866.50 crore from Rs 19.31 crore reported for the corresponding period of 2016-17.
In terms of financial year, Oil India reported a rise of 72.27 per cent in its 2017-18 net profit, which increased to Rs 2,667.93 crore from Rs 1,548.68 crore earned in the previous fiscal.
"Crude Oil price realisation increased by $8.36 per BBL to $55.72 per BBL in FY 2017-18 as compared to $47.36 per BBL during FY 2016-17," Oil India said in a statement.
The company proposed a final dividend of Rs 1 per share for FY 2017-18 on post-bonus equity share capital.
"This is in addition to Interim Dividend of Rs 14 per share paid earlier on
pre-bonus equity share capital," the company said.
--IANS
rv/nir
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