Oil India's quarterly profit jumps 56 percent, but misses estimate
(Reuters) - Oil India Ltd reported a 56 percent rise in first-quarter profit on Monday, helped by higher revenue from the crude oil segment, but missed analysts' estimates.
Profit rose to 7.03 billion rupees ($100.41 million) in the three months ended June 30, from 4.50 billion rupees a year earlier, the oil and gas explorer said.
Analysts on an average had expected a profit of 8.51 billion rupees, according to Thomson Reuters I/B/E/S estimates.
Revenue from operations rose about 45 percent to 33.90 billion rupees, while revenue from the crude oil segment gained about 53 percent.
($1 = 70.0150 Indian rupees)
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(Reporting by Sharnya G and Arnab Paul in Bengaluru; Editing by Subhranshu Sahu)
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