Oil India Q1FY24 Results: Consolidated PAT Down to Rs. 1426.60 Cr

Oil India Q1FY24 Results: Consolidated PAT Down to Rs. 1426.60 Cr

Oil India Q1 results show revenue fell from 8936.82 crores to 6578.18 crores, a 26.39% decrease in growth. EPS down from ₹16.07 to ₹13.16, down by 18.11%.

First, Let’s Begin with Quarter-on-Quarter Basis:

Oil India shared its Q1 results on Tuesday. They earned 6578.18 crores in revenue this quarter, but that’s less than the 8936.82 crores they made last quarter. Unfortunately, the company’s growth decreased by 26.39 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 1426.60 crores, down from 1742.83 crores in the previous quarter. Their quarter-to-quarter growth decreased by 18.14 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹13.16, which is a decrease of 18.11% from the ₹16.07 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 6578.18 crores this year (2023), which is 43.51 percent lower than last year’s total revenue of 11645.49 crores.

This year’s PAT (Profit After Tax) is 1426.60 crores, which is also 49.14% lower than last year’s PAT of 2805.16 crores.

The EPS (Earnings Per Share) for this year is ₹13.16, which is 49.13% less than the EPS of ₹25.87 earned last year.

Also Read: Phoenix Mills Q1FY24 Results: Consolidated PAT Down to Rs. 240.50 Cr

Oil India Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About Oil India:

Oil India Limited operates as a central public sector enterprise, focusing on the exploration, development, and production of crude oil and natural gas. The company is also involved in the transportation of crude oil and the production of liquid petroleum gas.

Download the Full PDF of Oil India Q1 Results: Click Here

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