Oil India Q2 profit declines 17.7% to Rs580.2 crore
- First 2-3 years of RERA transition period will be really painful: MahaRera chief
- Kwan Entertainment launches sports, media and consumer unit Kwanabler
- Congress disowns Khurshid’s ‘blood on hands’ remark
- Edelweiss arm to help sell office space in Parinee Group’s project in Mumbai
- Karnataka elections: BJP picks Reddy aide to fight Siddaramaiah
New Delhi: State-owned Oil (India) Ltd. on Monday reported a 17.7% decline in net profit for the September quarter of 2016-17 to Rs580.2 crore on account of lower crude oil price realization.
Oil (India) reported a 7.9% fall in revenue in the July-September period to Rs2,331.7 crore from a year ago.
The company produced 0.81 million tonne of crude oil and 0.74 billion cubic metre of gas during the period, it said in a statement to the stock exchanges.