Companies

Oil India Q4 net down 27% sequentially

Our Bureau New Delhi | Updated on June 21, 2021

Total income up 11%

Oil India Ltd on Monday reported a 27 per cent sequential decline in consolidated net profit for the March quarter at ₹1,142 crore. Total income grew by 11 per cent sequentially to ₹7,193 crore.

Profit for the quarter under review fell 34 per cent on a year-on-year basis. The decline in profit is partly due to tax rebates during the previous quarter and year.

For the financial year 2021, profit fell 17 per cent to ₹4,146 crore while revenue grew 7 per cent to ₹23,590 crore. Profit from the firm’s crude oil production business declined 54 per cent during the year to ₹1,446 crore.

The company board on Monday approved a final dividend of ₹1.501 per share for 2020-21. Including the interim dividend paid out in March, the total dividend for the fiscal comes to ₹4.002 per share.

The central government, which controls 57 per cent stake in the firm, will get a total dividend of ₹246 crore.

Published on June 21, 2021

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor