State-run Oil India Ltd (OIL) has posted an increase in net profit for the fourth quarter of the financial year 2017-18 ended on March 31 to Rs 8.66 billion on the back of better crude realisation. The net profit for the same quarter in 2016-17 was Rs 193.1 million.
Meanwhile, the company's total income from operations saw a 14 per cent increase from Rs 33.08 billion during the fourth quarter of 2016-17 to Rs 37.84 billion during the same time in 2017-18. During the period under review, the company's net realization zoomed to $64.93 a barrel as against $52.5
