Oil India reports significant profit increase and declares dividend in Q2 results

Oil India Limited's consolidated net profit for the second quarter of the financial year 2024-25 increased significantly to Rs 2,069 crore, compared to Rs 640 crore in the same period last year.

Despite the profit surge, the company's revenue from operations decreased by nearly eight percent to Rs 8,136 crore, down from Rs 8,816 crore in the corresponding quarter last year.

The earnings before interest, tax, depreciation, and amortization (EBITDA) for Q2 FY25 stood at Rs 3,038.82 crore, a substantial increase from Rs 835.02 crore reported in Q2 FY24.

Additionally, Oil India declared a dividend of Rs 3 per share.

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