iifl-logo-icon 1

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

Oil India's profit in March quarter up y-o-y by 18%

22 May 2024 , 01:37 PM

Oil India Ltd (OIL) reported an 18% increase in net profit for the fourth quarter of the 2023-24 fiscal year.  Consolidated net profit stood at ₹2,332.94 Crore for January-March, compared to ₹1,979.74 Crore in the same period last year. The rise in net profit was attributed to higher crude oil prices.

At the time of writing, shares of Oil India is trading at ₹660.35 which is a 0.55% dip than the previous close. The stock has gained over 149.80% in the last one year, and 74.35% gain since the beginning of the year. 

Turnover increased by 16% to ₹10,375.09 Crore, driven by the impact of higher crude oil prices. Earnings from crude oil production and sales saw an 18% increase, while earnings from natural gas declined by 16.5% due to lower prices. For the full fiscal year 2023-24, net profit decreased by 29% to ₹6,980.45 Crore.

OIL’s board approved a 1:2 bonus issue and declared a final dividend of ₹3.75 per equity share. The final dividend amounted to ₹2.50 per share post-bonus for the fiscal year 2023-24. The company had previously paid interim dividends of ₹3.50 and ₹8.50 per share, pre-bonus, during the fiscal year.

For feedback and suggestions, write to us at editorial@iifl.com 

For opening a demat account click on: https://www.indiainfoline.com/

For doing stock trading & investments, go to: https://ttweb.indiainfoline.com/trade/Login.aspx

For loans, go to: https://www.iifl.com/

Related Tags

  • Oil India
  • Oil India Limited
  • Oil India news
  • Q4 Net Profit
sidebar mobile


Read More

Most Read News

Indian markets close on a positive note
14 Jun 2024|06:41 PM
Sensex and Nifty Surge
14 Jun 2024|06:43 PM
LIC stock price up by more than 5% today
14 Jun 2024|06:44 PM
Read More
Knowledge Centerplus

Logo IIFL Customer Care Number
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

Knowledge Centerplus

Follow us on


2024, IIFL Securities Ltd. All Rights Reserved

  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.