Oil India Limited (OIL) saw its shares jump by 3% following impressive Q2 FY25 results. The company reported a consolidated net profit of ₹2,016.2 crore for the July-September quarter, a staggering 3.79-fold increase from ₹420.6 crore in Q2 FY24. Sequentially, profits rose 6.91% from ₹1,885.78 crore in Q4 FY23.
Despite the profit surge, OIL faced a revenue dip, with earnings from petroleum products falling 11.8% to ₹5,197.3 crore. The crude oil and natural gas portfolios also saw declines in profits by 8.99% and 0.42%, respectively.
Stock performance: Opened at ₹503.00, with a high of ₹513.00 and a low of ₹495.30.
As of 10:04 am, Oil India shares were trading 3.68% higher at Rs 513.85 on the NSE.
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