Oil India Q2 Results: Indian Oil opened the box for investors, announced dividend, company's revenue reached Rs 2 thousand crores…

Oil India Q2 Results: Indian Oil Corporation (IOC) has reported a consolidated net profit of Rs 2,016 crore in the second quarter (July-September) of the financial year 2024-25. There has been an increase of 3.8 times on annual basis. The company had made a profit of Rs 420 crore in the same quarter a year ago.

Apart from the results, the board of Indian Oil has also approved an interim dividend of Rs 3 per share to the shareholders. Companies give a part of the profits to their shareholders, it is called dividend.

Revenue in the second quarter stood at Rs 8,135 crore

Talking about operational revenue, it stood at Rs 8,135 crore in the second quarter. There has been a decrease of 7.7% on annual basis. The company had earned Rs 8,816 crore in the second quarter of the financial year 2023-24. However, the total income of the company stood at Rs 8,886 crore.

Oil India Q2 Results: What is standalone and consolidated?

The company's results come in two parts – standalone and consolidated. Standalone shows the financial performance of only one entity. Whereas consolidated financial report contains the report of the entire company.

Indian Oil shares rise 4.81% ahead of results

Today, ahead of the results, Indian Oil shares closed at Rs 495, up 4.81%. The company's shares have given a return of 17.22% in the last 6 months and 138.52% in one year. This year i.e. from January 1, 2024 till now, the company's shares have risen 96.04%. The market-cap of the company is Rs 80.56 thousand crore.