Comments
Oil India Limited (OIL) on Thursday reported a 40 per cent sequential decline in net profit for the quarter ended June 30, 2021 at ₹508 crore as compared to net profit of ₹848 crore recorded in the previous March quarter.
However, for year-on-year basis, the latest bottomline performance was much better than the one in same quarter last year-- when the company recorded net loss of ₹ 248 crore.
For the quarter under review, total income fell to ₹3,070 crore from ₹3,910 crore in the previous March quarter.
However, total income for the latest quarter was much higher than the total income of ₹1,875 crore recorded in the June quarter last fiscal, the company’s filings with the stock exchanges showed.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.