3 months ago
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Mired successful a little lipid terms regime, state-owned explorer Oil India’s standalone nett net declined astir 34% connected a year-over-year ground successful the 3rd 4th of the ongoing fiscal year.
On a standalone basis, the explorer posted a nett net of ₹808 crore successful the December-end 4th against ₹1,222 crore successful the comparable play past year.
Its crude terms realisation, which is the superior indicator of profitability for an explorer-producer, declined sharply by astir 15% connected a year-over-year ground to $62.84 for each tube during the reported play amidst the little lipid terms regime.
Revenue from operations decelerated astir 6.2% connected a year-over-year ground to ₹4,916.10 crore.
As for accumulation of lipid and gas, during the quarter, the institution produced 1.659 cardinal metric tonnes of lipid equivalent (MMTOE) from their matured and aged oilfields. This was marginally little than 1.697 MMTOE produced during the comparable play past year.
Numaligarh refinery much than doubles profit
While the explorer suffered amidst the little lipid terms regime, OIL’s refinery subsidiary, Numaligarh Refinery Ltd, much than doubled their nett net to ₹867 crore during the aforesaid play from ₹385 crore successful the comparable play past year. The gross refining borderline of the Navaratna stood astatine $16.27 for each barrel.
OIL announces dividend
Alongside their results, the explorer-producer besides announced an interim dividend of ₹7 per afloat paid equity share.
