Oil India Declared 95 percent Interim Dividend

by Psu Connect
Date: 03-02-17

NEW DELHI . Oil India Ltd has declared an interim dividend of 95 percent for 2016-17 on the enhanced capital increased due to recent bonus issue and reported higher profits during the third quarter.

Profit After Tax (PAT) for Q3 FY 2016-17 Rs. 454.69 crore is 18.82% higher as compared to PAT of Rs. 382.66 crore during Q3 2015-16. PAT for 9M was Rs 1,529.37 crore which was 16.50% lower as compared to PAT of Rs. 1,831.54 crore during 9M last year.

The net crude price realised by Oil India Limited during Q3 FY 2016-17 was USD 49.20/BBL which was 17.08% higher than the price realised during Q3 2015-16. The net crude price realised during 9M FY 2016-17 was USD 45.66/BBL which was 6.15% lower than the price realised during 9M last year.

In Rupee terms, the net crude oil price realisation during Q3 FY 2016-17 was 19.75% higher at Rs.3,318/BBL as against Rs. 2,770/BBL during Q3 2015-16. The realisation during 9M FY 2016-17 was Rs.3,063/BBL as against Rs. 3,152/BBL last year. OIL didn’t share any subsidy burden during 9M FY 2016-17.

The crude oil production during Q3 FY 16-17 is 0.831 MMT which is 3.10 % higher than the production of 0.806 MMT in Q3 FY 15-16. Cumulative crude oil production for the 9 months of FY 16-17 is 2.445 MMT which is marginally lower than the 9 months cumulative production of 2.466 MMT during FY 15-16.

The cumulative natural gas production for the 9 months of FY 16-17 is 4.34% higher than the 9 months cumulative production of 2.120 BCM during FY 15-16.

Oil India Declared 95 percent Interim Dividend

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