Oil India's Dec qtr profit drops 17 pc to Rs 411 cr

Oil India Ltd, the nation's second-largest state explorer, today reported a 17 per cent drop in December quarter net profit at Rs 410.7 crore.

Net profit in October-December of the previous fiscal was Rs 498.3 crore, the company said in a regulatory filing.

Sales increased to Rs 2,583.75 crore, from Rs 2,489.9 crore for the quarter ended December 2014.