Bumper jump in the profit of this government company due to expensive oil, highest profit ever in March quarter

The company’s total profit stood at Rs 3887 crore in the financial year 2021-22.

Oil India result: Oil India’s profit increased by 50 percent to Rs 1630 crore in the March quarter due to the rise in the price of crude oil. The company’s net profit stood at Rs 3887 crore for the entire financial year.

public sector oil company Oil India Limited ,Oil India Limited) almost doubled to Rs 1,630.01 crore in the fourth quarter of FY 2021-22. high oil prices (Crude Oil PriceThe company has earned the highest ever net profit in the quarter under review as compared to any quarter. OIL Director (Finance) Harish Madhav gave this information while talking to reporters here on Friday. In the last quarter of the last financial year 2020-21, the company’s net profit was Rs 847.56 crore. At the same time, the company’s net profit for the entire financial year 2021-22 also increased to Rs 3,887.31 crore. This is the highest ever net profit of the company in any financial year. In the financial year 2020-21, the company had earned a net profit of Rs 1,741.59 crore.

The company’s business grew by 27 percent to Rs 4,972.91 crore in the fourth quarter of 2021-22. Whereas in the entire financial year 2021-22, it increased by 55 percent to Rs 16,427.65 crore. The Board of Directors of OIL has recommended a final dividend of Rs 5 per share for the financial year 2021-22. Earlier for the same financial year, the Board of Directors had paid an interim dividend of Rs 9.25 per share. The total dividend on this basis is Rs 14.25 per share.

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