Q1FY21 results of Oil India Ltd - Yash Gupta, Equity Research Associate, Angel Broking Ltd.

"OIL India Ltd Consolidated revenue from operations for Q1FY21 stood at ₹1,749.71 crore down by 48.2% YoY from ₹3,380.87 crores in Q1FY20. Revenue from Crude Oil down by 54% at 1205 Crores in Q1FY21 and revenue from natural gas down by 32.9% at 388 Crores in Q1FY21. Profit after tax for the quarter stood at ₹26.29 Crore down by 96.9% as compared to ₹847.24 Crore in Q1FY20. Overall the company posted a Weak set of numbers for the quarter."

Shares of OIL INDIA LTD. was last trading in BSE at Rs.99.9 as compared to the previous close of Rs. 99.75. The total number of shares traded during the day was 162424 in over 2012 trades.

The stock hit an intraday high of Rs. 102.45 and intraday low of 99.15. The net turnover during the day was Rs. 16403799.

Source : Equity Bulls

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