Oil India Q4 profit jumps

New Delhi, May 27 – State-owned Oil India has reported 71.88 percent jump in net profit to Rs 764.55 crore for the quarter ended March 31, 2013.

 

The PSU had net profit of Rs 444.81 crore in the January- March quarter of the previous fiscal, 2011-12.

 

The company's gross Income increased to Rs 2,841.15 crore in the fourth quarter ended March 30, 2013 from Rs 2,138.34 crore in the year-ago period, it said in a release Sunday.

 

For the financial year ended in March 2013, Oil India posted profit of Rs 3,589.34 crore. For 2011-12 fiscal, it was Rs 3,446.92 crore.

 

Oil India's gross Income in 2012-13 stood at Rs 11,456.32 crore, as against Rs 11,279.90 crore in fiscal 2011-12.

 

The company's scrip had closed at Rs 578.40 on Friday, down 0.99 percent from its previous close, on the BSE.

PTI