State-owned energy major Oil India Ltd said on a later working day, Februray 7 that its second interim dividend is ₹7 per equity share for the financial year 2024-25 as per the filing.
Declaring 2nd Interim of Rs 7 per share or 70% of the paid-up capital for the year 2024-25. “The second lnterim Dividend declared shall be paid on or before 8th March, 2025”, as mentioned in the BSE filing.
In this case, this dividend issue implies that after meeting all a set criterion, each shareholder shall be entitled to ₹7 per equity share. The company also shared information that the record date for the issue of the interim dividend is Monday, February 17, 2025, and the payout for the same is expected to be done by March 8, 2025.
Oil India Q3 Results
Oil India announced its third quarter performance to the stockholders on 7th February, for the period of three months ending December 31st. The energy firm’s Q3 of the financial year 2024-25 declined its net profit by 44% to ₹1,457 crore YoY, down from ₹2,608 crore in the third of the last financial year.
The state-owned firm further stated that its income from its core businesses declined by nearly 17 percent to 9,089 crore in the third quarter of the current financial year compared to 10,913 crore in the same period of the previous fiscal year.
This is a reasonable explanation, given the fact that a reduction in the production of crude oil, natural gas, and refinery products might have reduced the company’s revenues.
Oil India Share Price
In the previous market session, the Oil India Ltd stocks ended at ₹ 424.70, while on Friday, the shares closed at ₹ 424.75, up by 0.01 percent. It was released after the market closed on February 7, which was the end of the first two quarters of the year.
It was at a record high level in the year 2024, 30th August with the value at 767.30 and the low level was recorded on 13 February 2024 and was at 296.08. Data was obtained from the BSE website.