DIBRUGARH, Feb 7: Oil India Limited (OIL), a Maharatna CPSE and a leading energy company in India, announced its Q3 FY25 results on Friday, highlighting continued growth in crude oil and natural gas production.
For the nine months ending December 31, 2024, OIL reported a 4.10% increase in crude oil production, reaching 2.614 MMT compared to 2.511 MMT during the same period in FY24. Natural gas production also rose by 2.90%, totaling 2,446 MMSCM, up from 2,377 MMSCM in FY24.
Driven by higher crude production, the company recorded a 28.38% rise in Profit After Tax (PAT), reaching ₹4,522.71 crore compared to ₹3,523.02 crore in the corresponding period last year. The EBITDA margin for Q3 FY25 improved to 42.76% from 41.34% in Q3 FY24.
The group’s cumulative PAT for the nine months ending December 31, 2024, increased by 19.26% to ₹5,542.66 crore from ₹4,647.51 crore in FY24.
Based on the financial performance, OIL’s Board recommended an interim dividend of ₹7 per fully paid equity share, taking the total interim dividend for FY25 to ₹10 per share. The company’s Earnings Per Share (EPS) for the nine-month period rose to ₹27.80 from ₹21.66 in FY24.
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