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OIL net up 56 pc in Q1

Press Trust of India  |  New Delhi 

State-owned India Ltd today reported a 56 per cent jump in its April-June quarter net profit on back of higher prices.

Net profit in the first quarter of current fiscal rose to Rs 703.22 crore, or Rs 6.20 per share, from Rs 450.24 crore, or Rs 3.84 a share, in the same period of previous financial year, the company said in a regulatory filing.

Revenue from operations rose by about 45 per cent to Rs 3,390.46 crore.

said at Rs 2,777.79 crore it got 53 per cent more revenue from crude oil it sold in the quarter and led to profit from the segment nearly doubling to Rs 1,135.70 crore.

Revenue and pre-tax profit from were up 25 per cent each to Rs 443.08 crore and Rs 118.97 crore, respectively.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, August 13 2018. 18:35 IST