By: ICN Bureau
Last updated : February 08, 2025 10:15 am
The company’s group PAT for 9 months ending 31st Dec 24 increased by 19.26% to Rs. 5,542.66 crore
Oil India Limited (OIL), a Maharatna CPSE and a leading energy company in India, cumulative profit till Q3 FY25 reached Rs. 4,522.71 crore.
The company’s group PAT for 9 months ending 31st Dec 24 increased by 19.26% to Rs. 5,542.66 crore from Rs. 4,647.51 crore registered during the corresponding period of FY24.
For 9 months ending 31 Dec 2024, the company registered a cumulative hike of 4.10% in its crude production which increased to 2.614 MMT from 2.511 MMT produced in the corresponding period of FY24. The company also registered a surge of 2.90% in its cumulative gas production by end of Q3 FY25 to 2,446 MMSCM from 2,377 MMSCM registered during the corresponding period of FY24.
Basis enhanced crude oil production, the company registered a 28.38% growth in PAT which increased to Rs. 4,522.71 crore from Rs. 3,523.02 crore for the corresponding period of the previous year. EBITDA margin for Q3 FY25 also increased to 42.76% from 41.34% for Q3 FY24.
Based on the financial results, OIL Board recommended an interim dividend of Rs. 7 per fully paid equity share. With this, the total interim dividend declared by the company till Q3 FY25 is Rs. 10 per equity share. The Earnings Per Share for the 9 months ended 31st Dec 24 has increased to Rs. 27.80 share from Rs. 21.66 share for the corresponding period of FY24.