State-owned Oil India Ltd (OIL) on Monday reported its highest-ever quarterly net profit in three months to March 31, helped by higher oil production and better prices.
Standalone net profit of Rs 2,028.33 crore in January-March was 13.45 per cent higher than the earnings in the same period of last year, the company, in a statement, said, adding this was "the highest ever (quarterly) profit after tax".
On a consolidated basis, after taking into account earnings of Numaligarh Refineries Ltd, its net profit was up 18 per cent to Rs 2,332.94 crore in January-March -- the fourth quarter of 2023-24, according to a stock exchange filing by the nation's second-biggest state-owned oil and gas producer