Oil India Announces Solid Q4 Performance: ₹1.5 Dividend Per Share Declared

State Energy Major Beats Profit Forecasts in Latest Quarter Results

Oil India Limited has announced its Q4 financial performance, with strong numbers in all major metrics. The company registered a revenue of ₹55.19 billion from operations, which indicates its solid market position. Furthermore, Oil India registered a net profit of ₹15.91 billion, topping the IBES estimate of ₹14.86 billion. Along with these results, the firm has declared a dividend of ₹1.5 per share, rewarding its shareholders.

 

Key Highlights:

 

Dividend Declaration: Oil India announced a ₹1.5 per share dividend, reaffirming its focus on shareholder payouts.

 

Topline Growth: The firm posted ₹55.19 billion in operating revenue, showcasing consistent business growth.

 

Beats Profit Estimates: Oil India's ₹15.91 billion profit beat the IBES forecast of ₹14.86 billion, indicating robust financial health.

 

Market Outlook: The share price of the company is likely to gain investor trust, as it continues to do well in the oil and gas sector.

 

Oil India Limited is still a dominant force in India's oil and gas sector, consistently reporting strong financial performance. The recent earnings report reflects its strength and strategic expansion, setting it up for long-term growth.

 

Source:Moneycontrol, Economic Times, Oil India Limited.