Oil India has declared its Q4 financial results.

Oil India has declared its This autumn monetary outcomes.

Oil India additionally approves a remaining dividend of Rs 3.75 per fairness share of Rs 10 every (pre-bonus), which interprets into remaining dividend of Rs 2.50 per share (post-bonus) for 2023-24 fiscal

Oil India Ltd (OIL) on Monday reported an 18 per cent rise in its consolidated web revenue to Rs 2,332.94 crore for the fourth quarter ended March 2024, on the again of upper costs of crude oil. The state-owned oil and gasoline producer additionally accepted a remaining dividend of Rs 3.75 per fairness share of Rs 10 every (pre-bonus), which interprets into remaining dividend of Rs 2.50 per share (post-bonus) for 2023-24 fiscal.

Its web revenue had stood at Rs 1,979.74 crore in the identical corresponding quarter final yr, in response to a regulatory submitting.

Larger oil costs led to a 16 per cent rise in turnover to Rs 10,375.09 crore. Earnings of the nation’s second-biggest state-owned oil and gasoline producer. from crude oil produced and offered rose 18 per cent however the identical from gasoline dropped 16.5 per cent on decrease costs.

For the total 2023-24 fiscal (April 2023 to March 2024), web revenue fell 29 per cent to Rs 6,980.45 crore. OIL mentioned its board accepted problem a 1:2 bonus problem (one free share for each two held).

It additionally accepted a remaining dividend of Rs 3.75 per fairness share of Rs 10 every (pre-bonus), which interprets into remaining dividend of Rs 2.50 per share (post-bonus) for 2023-24 fiscal. The ultimate dividend is along with the interim dividend of Rs 3.50 (pre-bonus) and second interim dividend of Rs 8.50 (pre-bonus) paid for the fiscal.

LEAVE A REPLY

Please enter your comment!
Please enter your name here