Oil India net profit increases 12.5% YoY fuelled by better crude price realisation
State-owned explorer Oil India’s net profits in the March-end quarter increased 12.5% on a year-over-year basis fuelled by a 5% improvement in average crude price realisation and 6% increase in crude oil production. OIL’s standalone profit after tax in the reported quarter stood at ₹1,790 crore, against ₹1,591 crore in the comparable period last year….
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