Oil India Net dips 33.47% to Rs 494.41 cr in April-June

Image
Press Trust of India New Delhi
Last Updated : Sep 06 2016 | 8:02 PM IST
State-run Oil India's standalone net profit dropped 33.47 per cent to Rs 494.41 crore in the quarter ended on June 30, 2016, compared to the same period last year.
The oil PSU had reported a net profit of Rs 743.21 crore for the quarter ended June 30, 2015.
Total income fell to Rs 2,460.85 crore for the quarter ended June 30, 2016, from Rs 3,164.12 crore in the quarter ended June 30, 2015, Oil India said in a BSE filing today.
Oil India's revenue from crude oil came down to Rs 1,605.35 crore in the first quarter of this fiscal from Rs 2,195.36 crore in the year ago period.
Similarly, revenue from natural gas declined to Rs 451.11 crore in April-June compared to Rs 541.52 crore last year. The income from LPG also came down to Rs 22.21 crore in the quarter under review from Rs 32.52 crore a year ago.
Oil India is a fully integrated upstream petroleum company.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 06 2016 | 8:02 PM IST

Next Story