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Oil India Q2 net profit rises 53% to ₹2,521 crore

Positive+100Company event

GreyOak summary

Oil India Ltd reported a 53% jump in Q2 profit after tax to ₹2,521 crore, driven by a 20% rise in crude production and a 35% increase in realisation to $92.24 per barrel. The company achieved its highest daily production in a decade at 11,300 tonnes. Consolidated half-year profit grew 77% to ₹6,548 crore.

What it affects

  • Oil IndiaOILPositive +100

    Q2 net profit rose 53% to ₹2,521 crore.Rolling sentiment Neutral +6

Source

Read the original at Business Standard

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