Guwahati, Feb 8: Oil India Limited (OIL), a Maharatna CPSE and a key player in India’s energy sector, has reported strong financial performance for the third quarter of FY25, driven by higher crude oil and natural gas production.
For the nine months ending December 31, 2024, OIL recorded a 4.10% rise in crude oil production, reaching 2.614 MMT, up from 2.511 MMT in the corresponding period of FY24. Natural gas production also saw a 2.90% increase, reaching 2,446 MMSCM compared to 2,377 MMSCM in FY24.
This production boost contributed to a 28.38% surge in Profit After Tax (PAT), which rose to ₹4,522.71 crore, up from ₹3,523.02 crore in the same period last year. The company’s EBITDA margin for Q3 FY25 improved to 42.76%, compared to 41.34% in Q3 FY24.
OIL’s group PAT for the nine months increased 19.26%, reaching ₹5,542.66 crore, up from ₹4,647.51 crore in FY24. In recognition of its strong financial results, the OIL Board has recommended an Interim Dividend of ₹7 per fully paid equity share, bringing the total interim dividend declared till Q3 FY25 to ₹10 per share.
The Earnings Per Share (EPS) also rose significantly to ₹27.80 per share, compared to ₹21.66 per share in the corresponding period of FY24.
