OIL register an increase in PAT up to Rs. 13,456 Cr

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Guwahati: The group turnover and profit after tax (PAT) of Oil India Ltd (OIL) for the half-year ended September 30, 2021, has increased to Rs 13,456 crore and Rs 2,668.93 crore respectively as compared to the corresponding period last year.

The company’s profit after tax in Q2 2021-22 stood at Rs 504.46 crore vis-à-vis Rs 238.95 crore in Q2 2020-21. For the half-year ended on September 30, 2021, profit after tax is Rs 1,012.40 crore vis à-vis loss of Rs 9.66 crore for

the half-year ended September 30, 2020, a statement from OIL said.

The company’s EBITDA in Q2 2021-22 is Rs 1,280.99 crore vis-à-vis Rs 848.48 crore in Q2 2020-21 and EBITDA for the half-year ended on Sep tember 30, 2021 is Rs 2,577.91 crore for the half-year ended September 30, 2020.

The company’s EPS has increased to Rs 4.65 per share in Q2 2021-22 as compared to Rs 2.20 in Q2 2020-21. For the half-year ended on September 30, 2021 EPS was Rs 9.34 per share vis-à-vis negative EPS of Rs 0.09 per share for the half-year ended September 30, 2020.

The board of OIL has recommended an interim dividend of Rs 3.50 per share for 2021-22.

Crude oil and natural gas production in Q2 2021-22 has improved by 1.78 percent and 26.38 percent respectively as compared to Q2 2020-21, the release added.