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Oil India Q1 results: PAT declines 9% to Rs 1,467 cr on higher expenses

Fields headquarters of Oil India Limited

Total expenses rose nearly 40% to Rs 4,026 crore. | Photo: Wikimedia Commons


State-run explorer Oil India reported a smaller-than-expected quarterly profit on Thursday, hurt by higher expenses.


Its profit fell 9 per cent year-on-year to Rs 1,467 crore (about $175 million) in the three months ended June 30, falling behind analysts’ predicted profit of Rs 1,687 crore, per LSEG…


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