OIL Q3 profit rises 75%, beats estimate
Bengaluru: Oil India Ltd (OIL) on Tuesday posted nearly 75% surge in its quarterly profit, handily beating analysts’ estimates, boosted by gains from its crude oil segment.
Net profit came in at ₹1,233 crore ($174.24 million) for the three months ended 31 December, compared with a profit of ₹705 crore a year earlier, the oil and gas explorer said.
Analysts on an average had expected a profit of ₹831 crore, according to I/B/E/S data from Refinitiv.
