STAFF CORRESPONDENT
DIBRUGARH: Oil India Limited, accorded Maharatna status recently by the Government of India, posted a rise of 3.7% in its Profit after Tax in the first quarter of FY24 at Rs 1,613.43 crore against Rs 1,555.49 crore in Q1 of the last FY.
The growth comes on the strength of a 5.3% growth in its crude oil production to 0.820 MMT in Q1 of FY 24 vis-à-vis 0.729 MMT produced in Q1 of last FY, coupled with lower operating costs. The Earnings Per Share (EPS) for the period ended June 30, 2023 has increased to Rs 14.88/share as compared to Rs 14.34/share in the previous comparative period, while the EBITDA margin for the period ended June 30 has increased to 53.49% as compared to 44.76% in the previous comparative period, an increase of 19.51%. Oil India Board, in its 545th Board Meeting held on Tuesday, approved the Q1 FY24 results for the period ending June 30 this year.
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