Oil India achieves Rs 4,522.71 crore cumulative profit up to Q3 in FY25

A CORRESPONDENT

DIBRUGARH: Oil India Limited (OIL), a Maharatna CPSE and a leading energy company in India, while declaring its Q3, FY25 results today announced the company’s continued growth story of higher crude oil and natural gas production.

For 9 months ending December 31, 2024, the company registered a cumulative hike of 4.10% in its crude production which increased to 2.614 MMT from 2.511 MMT produced in the corresponding period of FY24.

The company also registered a surge of 2.90% in its cumulative gas production by end of Q3 FY25 to 2,446 MMSCM from 2,377 MMSCM registered during the corresponding period of FY24.

Basis enhanced crude oil production, the company registered a 28.38% growth in PAT which increased to Rs 4,522.71 crore from Rs 3,523.02 crore for the corresponding period of the previous year. EBITDA margin for Q3 FY25 also increased to 42.76% from 41.34% for Q3 FY24. The company’s group PAT for 9 months ending Dec 31, 2024 increased by 19.26% to Rs 5,542.66 crore from Rs 4,647.51 crore, registered during the corresponding period of FY24.

Based on the financial results, OIL Board recommended an Interim Dividend of Rs 7 per fully paid equity share. With this, the total interim dividend declared by the company till Q3, FY25 is Rs 10 per equity share. The Earnings Per Share for the 9 months ended Dec 31, 2024 has increased to Rs 27.80 from Rs 21.66 for the corresponding period of FY24.

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