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Oil India rises despite reporting net loss of Rs 209 crore in Q4

Oil India is currently trading at Rs. 186.45, up by 1.15 points or 0.62% from its previous closing of Rs. 185.30 on the BSE.

The scrip opened at Rs. 180.50 and has touched a high and low of Rs. 188.20 and Rs. 180.45 respectively. So far 90843 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 232.35 on 29-May-2018 and a 52 week low of Rs. 166.15 on 31-Jan-2019.

Last one week high and low of the scrip stood at Rs. 188.60 and Rs. 180.60 respectively. The current market cap of the company is Rs. 20094.03 crore.

The promoters holding in the company stood at 61.61%, while Institutions and Non-Institutions held 22.23% and 16.15% respectively.

Oil India has reported a net loss of Rs 208.54 crore for the quarter ended March 31, 2019 under review against net profit of Rs 866.50 crore for the same quarter in the previous year. Total income of the company decreased by 7.37% at Rs 3,506.11 crore for Q4FY19 as compared Rs 3,784.91 crore for the corresponding quarter previous year.

For the year ended March 31, 2019, the company has reported a marginal fall of 2.92% in its net profit at Rs 2,590.14 crore as compared to Rs 2,667.93 crore for the previous year. However, total income of the company increased by 24.95% at Rs 15,170.00 crore for year under review as compared to Rs 12,140.64 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has reported a rise of 18.40% in its net profit at Rs 3,237.80 crore as compared to Rs 2,734.62 crore for the previous year. Total income of the company increased by 27.33% at Rs 14,907.31 crore for year under review as compared to Rs 11,707.81 crore for year ended March 31, 2018.

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