This Article is From May 26, 2013

Oil India Q4 net jumps 72 per cent to Rs 764 crore

New Delhi:

Oil India has reported a 71.88 per cent jump in its net profit at Rs 764.55 crore for its fourth quarter that ended on March 31, 2013.

The state-owned oil retailer had net posted a net profit of Rs 444.81 crore in the same quarter in the year-ago period.

The company's gross income increased to Rs 2,841.15 crore in the March quarter from Rs 2,138.34 crore in the year-ago period, it said in a statement on Sunday.

For the financial year ended in March 2013, Oil India posted a profit of Rs 3,589.34 crore. It was Rs 3,446.92 crore in FY12.

Oil India's gross Income in 2012-13 stood at Rs 11,456.32 crore, as against Rs 11,279.90 crore in FY12. Oil India shares, on Friday, ended at Rs 578.40 on the BSE, down 0.99 per cent from the previous close.