OIL Q1 results: Net profit jumps 221% to Rs 1,215
New Delhi: State-owned Oil India Ltd on Thursday reported a more than three-fold jump in its first-quarter net profit on the back of a rise in crude oil prices. Consolidated net profit of Rs 1,214.65 crore in April-June was higher than Rs 377.63 crore profit a year back, according to the company’s filing with the stock exchanges.
Revenue rose to Rs 6,276.58 crore from Rs 4,334.48 crore last year.
