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Image Source : Energyinfra market Screenshot 2024 05 21 115945

Oil India Records Highest Quarterly Profit in Q4; Announces 1:2 Bonus Share

Last Update 21 May 2024

Oil India Ltd (OIL) reports a record quarterly net profit of Rs 2,028.33 crore for Q4, driven by higher oil production and prices. On a consolidated basis, including Numaligarh Refineries Ltd earnings, net profit rises 18% to Rs 2,332.94 crore. The company attributes this growth to strategic investments, operational efficiencies, and market dynamics.

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