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Oil India Falls Nearly 1% On Decrease In Net Revenue In the March quarter

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At 11:55 am, Oil India shares were trading at Rs 148.20, lower by 0.8 per cent, on BSEOil India shares fell almost one per cent in a strong market after the business reported a fall in net revenue in the March quarter.

The company reported an 8 per cent decline in net revenue at Rs 847.56 crore in the quarter ended March 2021 from Rs 925.65 crore in the same quarter in 2015, the company said in a regulative filing to the stock market.

At 11:55 am, the shares of Oil India were trading at Rs 148.20, lower by 0.8 per cent, on the BSE.Oil India's average crude oil cost realisation in 2020-21 stood at USD 43.98 per barrel compared to USD 60.75 in 2019-20, whic is a decline of 27.61 per cent.Meanwhile, Oil India said its board recommended a last dividend of Rs 1.50 per share for 2020-21.

It had actually paid an interim dividend of Rs 3.50 per share in February.The BSE Sensex was trading at 52,963.33, greater by 394.75 points or 0.75 per cent and the NSE Nifty was at 15,873.10, up 125.65 points or 0.79 percent at the time.




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