Millennium Post

Oil India Q4 profit jumps 72%

New Delhi: State-owned Oil India has reported 71.88 per cent jump in net profit to Rs 764.55 crore for the quarter ended 31 March, 2013.
The PSU had net profit of Rs 444.81 crore in the January- March quarter of the previous fiscal, 2011-12.
The company’s gross Income increased to Rs 2,841.15 crore in the fourth quarter ended March 30, 2013 from Rs 2,138.34 crore in the year-ago period, it said in a release on Sunday.
For the financial year ended in March 2013, Oil India posted profit of Rs 3,589.34 crore. For 2011-12 fiscal, it was Rs 3,446.92 crore.
Oil India’s gross Income in 2012-13 stood at Rs 11,456.32 crore, as against Rs 11,279.90 crore in fiscal 2011-12.
The company’s scrip had closed at Rs 578.40 on Friday, down 0.99 per cent from its previous close, on the BSE. pti
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