Oil India Q3 net profit jumps 37% to Rs 1,245 cr, total income rises 88%
State-owned Oil India Ltd on Friday reported 37 per cent jump in third quarter net profit as it benefitted from a rise in international oil prices.
Net profit of Rs 1,244.90 crore in October-December 2021 is compared with Rs 903.69 crore net profit a year back, the company said in a statement.
Total income jumped 88 per cent to Rs 4,705.20 crore in the three-month period ended December 31, 2021.
“Average crude oil price realization for Q3 2021-22 is USD 78.59 per barrel as compared to USD 44.09 for Q3 of 2020-21, increase of 78.25 per cent,” it said.
Also, natural gas price rose to USD 2.90 per million British thermal unit from USD 1.79.
