Oil India Limited reports 122.37% increase in PAT

Oil India Limited (OIL) in its 519th board meeting held on February 11, approved the Q3 and 9

M FY2020-21 results. OIL reported 122.37 per cent increase in PAT for Q3 of 2020-21 to Rs 903.69 crore against PAT of Rs 406.39 crore during Q32019-20.

The PAT for 9M 2020-21 is Rs 894.03 crore as compared to Rs 1658.42 crore during 9M 201920. The adjusted EBIDTA for 9M 2020-21 is Rs 2,037.47 crore as against Rs 4,430.77 crore during 9M 2020-21. EBIDTA margin reduced to 30.63 per cent as against 44.02 per cent in 9M 2019-20.