Oil India Dividend: According to the market filing, the state-owned energy behemoth Oil India Limited announced its second interim dividend issue on Friday, February 7, at ₹7 per equity share for the fiscal year that concluded in 2024–2025.
For the fiscal year 2024–2025, the firm announced a "second interim dividend" of Rs. 7 per share, or 70% of paid-up capital. The BSE filing states that the second interim dividend must be paid by March 8, 2025, at the latest.In this instance, the dividend issue indicates that each qualified shareholder will get ₹7 per equity share after meeting the requirements. Additionally, the business revealed that the interim dividend issue will have a record date of Monday, February 17, 2025, and a distribution date of March 8.
Results for Oil India's third quarter
On Friday, February 7, Oil India Limited released the results for the October through December quarter. In comparison to the same period last year, when the energy company's net profit was ₹2,608 crore, it fell 44% to ₹1,457 crore in the third quarter of the fiscal year 2024–25.
Compared to ₹10,913 crore in the same quarter last year, the State-owned company's revenue from core activities fell by about 17% to ₹9,089 crore in the October to December quarter.
The decline in the production of natural gas, crude oil, and refinery products is probably what caused the decline in income.
The share price of Oil India
Following Friday's market session, Oil India Ltd.'s shares closed 0.01 percent higher at ₹424.75 as opposed to ₹424.70 during the previous session. On February 7, the results were made public after market hours.
Data gathered from the BSE website shows that shares reached their 52-week high on August 30, 2024, at ₹767.30, and their 52-week low on February 13, 2024, at ₹296.08.00. As of Friday's market end, Oil India's market capitalization is ₹69,090.17 crore.
In the last five years, investors have received returns on their oil company shares of around 360 percent, and in the last year, they have received returns of 30 percent. Nonetheless, the stock is down 2.79 percent so far this year.
On Friday, February 7, Oil India Limited released the results for the October through December quarter. In comparison to the same period last year, when the energy company's net profit was ₹2,608 crore, it fell 44% to ₹1,457 crore in the third quarter of the fiscal year 2024–25.
Compared to ₹10,913 crore in the same quarter last year, the State-owned company's revenue from core activities fell by about 17% to ₹9,089 crore in the October to December quarter.
The decline in the production of natural gas, crude oil, and refinery products is probably what caused the decline in income.
The share price of Oil India
Following Friday's market session, Oil India Ltd.'s shares closed 0.01 percent higher at ₹424.75 as opposed to ₹424.70 during the previous session. On February 7, the results were made public after market hours.
Data gathered from the BSE website shows that shares reached their 52-week high on August 30, 2024, at ₹767.30, and their 52-week low on February 13, 2024, at ₹296.08.00. As of Friday's market end, Oil India's market capitalization is ₹69,090.17 crore.
In the last five years, investors have received returns on their oil company shares of around 360 percent, and in the last year, they have received returns of 30 percent. Nonetheless, the stock is down 2.79 percent so far this year.
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