New Delhi: State-owned Oil India NSE -0.65 % Ltd on Wednesday reported more than doubling of its September 2021 quarter net profit, on back of a surge in oil and gas prices. The net profit stood at Rs 504.46 crore, or Rs 4.65 a share, in July-September 2021 compared with Rs 238.95 crore, or Rs 2.20 per share, a year ago, the company said in a statement.
This was mainly because the price the firm got for crude oil produced rose to $71.35 per barrel in the second quarter of the current fiscal from $42.74 last year.
