Shares of Oil India Ltd dropped 3.42% to ₹411.90 on Wednesday after the company reported a sharp 39% year-on-year decline in its consolidated net profit for the March quarter (Q4 FY25). The stock had closed at ₹426.50 in the previous session.
For Q4 FY25, the company posted a net profit of ₹1,310.10 crore, down from ₹2,140.72 crore in Q4 FY24. Sequentially, the profit remained largely stable compared to ₹1,338.85 crore in the December quarter.
Revenue from operations came in at ₹9,587.82 crore, a 6% decline year-on-year but a modest improvement from ₹9,089.14 crore in Q3 FY25.
Despite the weak quarterly results, Oil India highlighted record annual performance. The company achieved its highest-ever combined oil and gas production of 6.71 MMTOE in FY25. Crude oil production rose 2.95% to 3.458 MMT, and natural gas production climbed 2.20% to 3.252 BCM—its highest ever.
For the full financial year FY25, the company reported a net profit of ₹6,550.93 crore, up 3.3% from ₹6,335.10 crore in FY24. However, revenue declined slightly to ₹36,163.75 crore from ₹36,303.62 crore a year ago.
Oil India also announced a final dividend of ₹1.50 per share, pending shareholder approval.
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