Oil India’s Q2FY24 Quarter Results

Oil India reported 40% QoQ revenue growth
  • 09 Nov 2023
  • Oil India reported 40% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter ended Sept (Q2FY24). On a year-on-year (YoY) basis, it witnessed de-growth of 12%.
  • Its expenses for the quarter were up by 26% QoQ and down 26% YoY.
  • The net profit decreased 54% QoQ and 70% YoY.
  • The earnings per share (EPS) of Oil India stood at 3.9 during Q2FY24.

Oil India’s Financial Statements for Q2FY24:

(Rs crores) Q2FY23 Q1FY24 Q2FY24 QoQ (%) YoY (%)
Total income10,4646,5789,20040%-12%
Total expenses8,1894,8246,07126%-26%
Profit before tax2,6621,843708-62%-73%
Profit after tax2,1161,399640-54%-70%
Earnings per share17.513.23.9

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

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