State-run Oil India Ltd posted on Friday a 9 per cent fall in its first-quarter profit but exceeded analysts' estimates. The profit was Rs 450 crore ($70.08 million) in the three months ended June 30, compared with Rs 494 crore a year ago, the company said. Analysts on average had expected the company to post a profit of Rs 430 crore, according to Thomson Reuters data. Revenue from Oil India's crude business rose 13 per cent to Rs 1,816 crore in the quarter.
Oil India Q1 profit falls 9% to Rs 450 cr; beats estimates
Analysts on average had expected the company to post a profit of Rs 430 crore
Reuters Last Updated at August 11, 2017 17:33 IST