OIL’s group’s consolidated turnover for Q1 FY25 is Rs. 9,350.89 crore, up from Rs. 6,408.76 crore in Q1 FY24. The consolidated Profit After Tax for Q1 FY25 is Rs. 2,016.30 crore, compared to Rs.1,399.49 crore for Q1 FY24.

Oil India Limited (OIL), the youngest Maharatna CPSE of Govt. of India, registers phenomenal growth in its crude oil and natural gas production with an increase of 6.22% in crude oil while natural gas production is up by 9.80% in Q1 FY25 vis a vis Q1 FY24.

Declaring its financial results for the quarter ended 30th June 2024 on 8th August 2024, OIL reported a Profit After Tax (PAT) for Q1 FY25 at Rs. 1,466.84 crores with the contribution to the exchequer in the form of Special Additional Excise Duty (SAED) of US $10.27/bbl in Q1 FY25 compared to US $2.59/bbl in Q1 FY24 amounting to Rs. 507.75 crore in Q1 FY25 vis a vis Rs. 113.55 crore in Q1 FY24.

A provision of Rs. 203.90 crore is kept towards service tax/GST on royalty during Q1 FY25. The average crude oil price realisation for Q1 FY25 stood at US $84.89/bbl, a 10.46% increase from US $76.85/bbl for Q1 FY24.