August 2018 \ Business & Investment \ BUSINESS AND GOVERNANCE

Q1 Rs 703 crore profit

Energy exploration and production major Oil India in August reported an exponential increase of 56.19 per cent in its standalone net profit for the first quarter of 2018-19. According to the company, its net profit during the quarter under review rose to Rs 703.22 crore from Rs 450.24 crore reported for the corresponding period of 2017-18. Crude Oil price realisation increased by USD 23.59 per BBl to USD 72 per BBl in Q1 FY 2018-19.

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