Oil India Limited (OIL), a Maharatna CPSE and a leading energy company in India, while declaring its Q3, FY25 results today, announced the company’s continued growth story of higher crude oil and natural gas production. For 9 months ending 31 Dec 2024, the company registered a cumulative hike of 4.10% in its crude production which increased to 2.614 MMT from 2.511 MMT produced in the corresponding period of FY24. The company
also registered a surge of 2.90% in its cumulative gas production by end of Q3 FY25 to 2,446 MMSCM from 2,377 MMSCM registered during the corresponding period of FY24. Basis enhanced crude oil production, the company registered a 28.38% growth in PAT which increased to ₹4,522.71 crore from ₹3,523.02 crore for the
corresponding period of the previous year.
EBITDA margin for Q3 FY25 also increased to 42.76% from 41.34% for Q3 FY24. The Company’s group PAT for 9 months ending 31 st Dec 24 increased by 19.26% to ₹ 5,542.66 crore from ₹ 4,647.51 crore registered during the corresponding period of FY24.
Based on the financial results, OIL Board recommended an Interim Dividend of ₹ 7/-
per fully paid equity share. With this, the total interim dividend declared by the company till Q3, FY25 is ₹ 10/- per equity share. The Earnings Per Share for the 9 months ended 31st Dec 24 has increased to ₹ 27.80/- share from ₹ 21.66/- share for the corresponding period of FY24.