Reuters logo
Oil India first-quarter profit falls 9 percent; beats estimates
August 11, 2017 / 10:30 AM / 4 months ago

Oil India first-quarter profit falls 9 percent; beats estimates

(Reuters) - State-run Oil India Ltd (OILI.NS) posted on Friday a 9 percent fall in its first-quarter profit, but exceeded analysts’ estimates.

Profit was 4.50 billion rupees ($70.08 million) in the three months ended June 30, compared with 4.94 billion rupees a year ago, the company said. bit.ly/2vLFpHM

    Analysts on average had expected the company to post a profit of 4.30 billion rupees, according to Thomson Reuters data.

    Revenue from Oil India’s crude business rose 13 percent to 18.16 billion rupees in the quarter.

    ($1 = 64.2100 Indian rupees)

    Reporting by Samantha Kareen Nair in Bengaluru; Editing by Sherry Jacob-Phillips

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below