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Oil India reports 44% fall in Q4 consolidated net profit
Jun-22-2021

Oil India has reported results for fourth quarter and year ended March 31, 2021.

The company has reported a fall of 8.45% in its net profit at Rs 847.56 crore for the quarter under review as compared to Rs 925.64 crore for the same quarter in the previous year. However, total income of the company increased by 9.09% at Rs 3909.61 crore for Q4FY21 as compared Rs 3583.72 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 44.46% in its net profit attributable to owners at Rs 950.48 crore for the quarter under review as compared to Rs 1711.36 crore for the same quarter in the previous year. However, total income of the company increased by 35.03% at Rs 7193.40 crore for Q4FY21 as compared Rs 5327.19 crore for the corresponding quarter previous year.

For the year ended March 31, 2021, the company has reported a fall of 32.62% in its net profit at Rs 1741.59 crore as compared to Rs 2584.06 crore for the previous year. Total income of the company decreased by 22.62% at Rs 10561.45 crore for year under review as compared to Rs 13648.71 crore for year ended March 31, 2020.

For the year ended March 31, 2021, on the consolidated basis, the company has reported a fall of 24.96% in its net profit attributable to owners at Rs 3527.84 crore as compared to Rs 4701.11 crore for the previous year. However, total income of the company increased by 7.42% at Rs 23589.72 crore for year under review as compared to Rs 21960.08 crore for year ended March 31, 2020.

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