Oil India Limited (OIL), a Maharatna CPSE under the Government of India, announced its unaudited financial results for the quarter and nine months ended December 31, 2024. The company reported solid earnings and declared a second interim dividend of ₹7 per share (70% of paid-up capital) for FY25.
Key Financial Highlights (Q3 FY25)
- Revenue from Operations: ₹5,239.66 crore
- Profit Before Tax: ₹1,550.29 crore
- Profit After Tax (PAT): ₹1,221.80 crore
- Earnings Per Share (EPS): ₹7.51
- Declared Second Interim Dividend: ₹7 per share, to be paid by March 9, 2025
- Record Date for Dividend: February 17, 2025
Nine-Month Performance (April–December 2024)
- Revenue: ₹16,598.28 crore
- Profit After Tax: ₹4,522.71 crore
- Assets Under Management: ₹68,230.45 crore
Despite an ongoing legal dispute regarding the GST on royalty payments, for which OIL has made a provision of ₹3,684.24 crore, the company remains financially strong.
Commenting on the results, OIL India’s management reaffirmed their commitment to sustainable growth and operational efficiency. The company continues to invest in exploration and production while expanding its downstream business.
With a solvency ratio of 2.02, a net profit margin of 23.32%, and ongoing infrastructure investments, Oil India Limited remains a key player in India’s energy sector.
