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Oil India Sees Slight Profit Dip, Boosts Dividend
10 Feb
Summary
- Oil India's Q3 FY26 profit declined by 1.46% year-on-year.
- Company revenue saw a modest 0.24% increase in the same period.
- A second interim dividend of ₹7 per share was declared.
In the third quarter of fiscal year 2025-26, Oil India, a Maharatna public sector undertaking, reported stable financial results. The company experienced a marginal 1.46% decline in its consolidated profit compared to the previous year.
Revenue for the quarter showed a slight increase of 0.24% on a year-on-year basis. This performance indicates a steady operational period for the energy giant.
Further demonstrating confidence, Oil India announced a second interim dividend. Shareholders will receive ₹7 per share, with the dividend scheduled for payment on or before March 11, 2025. The record date for this dividend has been set for Wednesday, February 18.
