Q4FY17 Results: Oil India Ltd
Amir Shaikh / 29 May 2017
Oil India Ltd reported its results for the quarter ended March 31, 2017 today.
Oil India Ltd reported its results for the quarter ended March 31, 2017 today. The consolidated numbers were largely positive due to strong revenue growth.
The company's total sales for Q4FY17 came in at Rs 2435 crore, which represents a 2.48 per cent sequential increase and 28.29 per cent YoY increase.
Its operating profit (EBIT) for the quarter was Rs 264 crore and its EBIT margin stood at 10.84 per cent.
The company reported PAT of Rs 823.31 crore, which represents a sequential QoQ increase of 81.07 per cent and a YoY increase of 24.37 per cent.
The company's stock opened at Rs 315 on the BSE and fell 1.33 per cent to close at Rs 306.
Oil India Limited is a holding company. The company is engaged in providing crude oil and natural gas. The company's segments include crude oil, natural gas, LPG, pipeline transportation and others.
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