Oil India announced that the Board of Directors of the Company at its meeting held on 26 June 2020, has recommended a Final dividend of Rs.1.60 per share (i.e.16%), subject to the approval of the shareholders.

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Net profit of Oil India reported to Rs 925.64 crore in the quarter ended March 2020 as against net loss of Rs 208.54 crore during the previous quarter ended March 2019. Sales declined 16.11% to Rs 2589.56 crore in the quarter ended March 2020 as against Rs 3086.89 crore during the previous quarter ended March 2019.

For the full year,net profit declined 0.23% to Rs 2584.06 crore in the year ended March 2020 as against Rs 2590.14 crore during the previous year ended March 2019. Sales declined 11.70% to Rs 12128.52 crore in the year ended March 2020 as against Rs 13734.96 crore during the previous year ended March 2019.

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Net profit of Oil India reported to Rs 1597.40 crore in the quarter ended March 2020 as against net loss of Rs 70.59 crore during the previous quarter ended March 2019. Sales declined 15.82% to Rs 2607.38 crore in the quarter ended March 2020 as against Rs 3097.26 crore during the previous quarter ended March 2019.

For the full year,net profit rose 17.84% to Rs 3815.56 crore in the year ended March 2020 as against Rs 3237.80 crore during the previous year ended March 2019. Sales declined 11.71% to Rs 12166.64 crore in the year ended March 2020 as against Rs 13780.45 crore during the previous year ended March 2019.

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Oil India will hold a meeting of the Board of Directors of the Company on 19 June 2020.

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