Oil India standalone net profit declines 95.89% in the March 2017 quarter

Sales rise 28.26% to Rs 2435.53 crore

Net profit of Oil India declined 95.89% to Rs 19.31 crore in the quarter ended March 2017 as against Rs 470.13 crore during the previous quarter ended March 2016. Sales rose 28.26% to Rs 2435.53 crore in the quarter ended March 2017 as against Rs 1898.97 crore during the previous quarter ended March 2016.

For the full year,net profit declined 32.71% to Rs 1548.68 crore in the year ended March 2017 as against Rs 2301.67 crore during the previous year ended March 2016. Sales declined 0.84% to Rs 9187.93 crore in the year ended March 2017 as against Rs 9265.45 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales2435.531898.97 28 9187.939265.45 -1 OPM %27.5637.08 -33.7938.73 - PBDT1371.891041.48 32 4388.784598.00 -5 PBT1041.01742.16 40 3298.053655.70 -10 NP19.31470.13 -96 1548.682301.67 -33

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