Rising KashmirRising KashmirRising Kashmir
  • Home
  • Top Stories
  • News
    • Kashmir
    • City
    • Jammu
    • Politics
  • National
  • Health
  • Anchor
  • Features
  • Interview
  • Video
  • Sports
Search

Archives

  • August 2025
  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022

Categories

  • Anchor
  • Breaking
  • Business
  • City
  • Developing Story
  • Editorial
  • Education
  • Features
  • Health
  • Interview
  • Jammu
  • Jammu and Kashmir News
  • Kashmir
  • Kashmir Tourism
  • Kath Bath
  • National
  • Opinion
  • Politics
  • SEO
  • Sports
  • Technology
  • Top Stories
  • Trending
  • Uncategorized
  • Video
  • Viewpoint
  • World
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: Net profit for FY23 is the highest since inception: Oil India
Share
Notification Show More
Font ResizerAa
Rising KashmirRising Kashmir
Font ResizerAa
  • Home
  • Top Stories
  • News
  • National
  • Health
  • Anchor
  • Features
  • Interview
  • Video
  • Sports
Search
  • Top Stories
    • Developing Story
    • Anchor
    • Breaking
    • Business
    • Editorial
    • Education
    • Features
    • Health
    • Interview
  • More
    • National
    • Politics
    • Opinion
    • Technology
    • Sports
    • Trending
    • World
  • Kashmir
    • City
    • Jammu
    • Jammu and Kashmir News
    • Kashmir Tourism
    • Kath Bath
    • Video
    • Viewpoint
Follow US
© 2024. All Rights Reserved.
Rising Kashmir > Blog > Breaking > Net profit for FY23 is the highest since inception: Oil India
Breaking

Net profit for FY23 is the highest since inception: Oil India

ANI
Last updated: May 28, 2023 1:28 am
ANI
Published: May 28, 2023
Share
3 Min Read
SHARE

Oil India has posted its highest net profit since its inception with a jump of 75.20 per cent year-on-year to Rs 6,810.40 crore for the fiscal 2022-23, on the back of higher operating income and growth in oil and gas production.

During the last fiscal, the company also reported the highest-ever pipeline throughput of 8.19 million tonne. Also, the highest-ever turnover of Rs 23,272.57 crore, a jump of 60.17 per cent year-on-year, according to a statement from the ministry of petroleum and natural gas. The ministry said OIL, over the last six decades, has continued its journey of growth in oil and gas production from its matured and recently discovered oilfields during the last fiscal, with 5.5 per cent growth in oil production at 3.18 million tonne and 4.4 per cent growth in gas production at 3.18 billion cubic meters (BCM), which scaled another height of registering the highest-ever gas production by the company ever since its inception.

The earnings per share (EPS) of the company increased to Rs 62.80 per share, against Rs 35.85 per share in FY22. OIL’s board has declared the final dividend of Rs 5.50 per share with a total dividend of Rs 20 per cent share for FY23, according to the statement released on Friday evening.

As for the fourth quarter of fiscal 2022-23 (Q4FY23), the company equally reported improved financial and physical performance over Q4FY22, with turnover growth of 26.15 per cent and profit after tax (PAT) increase of 9.71 per cent. Crude oil and natural gas production has also shown growth of 6.95 per cent and 6.27 per cent, respectively, in Q4FY23 year-on-year.

With NRL being a group company of OIL, it is worth noting that the company has recorded its highest-ever consolidated profit after tax of Rs 9,854.39 crore, showing a growth of 46.66 per cent year-on-year and a highest-ever consolidated turnover of Rs 41,038.94 crore for the fiscal with an increase of 36.75 per cent year-on-year, according to the statement.

NRL continued its remarkable track record and displayed the highest-ever crude throughput of 3,091.37 thousand metric tonne (TMT) in fiscal 2022-23 with a capacity utilisation of 103 per cent. The gross refinery margin of NRL for FY23 is USD 19.86 per barrel, against USD 14.33 per barrel for the previous year. (ANI)

“Electronic interlocking” behind Balasore train accident: Railway Minister
JEE Main 2025 Session-II final answer keys out today; results to be declared by April 19: NTA
Archery World Cup 2023 Antalya: India conclude campaign with four medals
‘Tiranga Yatra’, a journey from Azadi to progress
Indian aviation enters golden period with new airports, hundreds of planes on order

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Whatsapp Whatsapp Copy Link Print
Previous Article 21 Adheenams leave for Delhi to participate in new Parliament building inauguration ceremony
Next Article Illicit timber, two horses seized in Pulwama, one person apprehended
Leave a Comment Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

1MFollowersLike
262kFollowersFollow
InstagramFollow
234kSubscribersSubscribe
Google NewsFollow

Latest News

Amarnath Yatra 2025 to remain suspended from August 3 
Breaking Jammu and Kashmir News
August 2, 2025
CBK carries out searches at several locations in Anantnag, One Arrested for swindling crores from People 
Breaking Kashmir
August 2, 2025
Kulgam Encounter: Second Terrorist Killed, Ops Underway 
Developing Story Jammu and Kashmir News
August 2, 2025
“Election system in India already dead”: Rahul Gandhi reiterates “rigged” 2024 Lok Sabha polls, claims he has proof
Breaking National
August 2, 2025

Recent Posts

  • Amarnath Yatra 2025 to remain suspended from August 3 
  • CBK carries out searches at several locations in Anantnag, One Arrested for swindling crores from People 
  • Kulgam Encounter: Second Terrorist Killed, Ops Underway 
  • “Election system in India already dead”: Rahul Gandhi reiterates “rigged” 2024 Lok Sabha polls, claims he has proof
  • Fulfilled pledge to avenge Pahalgam attack with Mahadev’s blessings: PM Modi lauds Op Sindoor in Varanasi

Recent Comments

  1. Raja Mani Khan on Minor Girl Dies in J&K’s Poonch Landslide
  2. Raja Mani Khan on Srinagar: People gather in big numbers to participate in Muharram procession
  3. Shah on Relief for Employees: J&K Bank Fixes EMI-Credit Mismatch, says JK Bank Chairman
  4. Latif khan on Why Kashmir needs Stronger Private Healthcare and Health Insurance
  5. Sameer farooq mir on Qazi Irfan assumes charge as RTO Kashmir

Contact Us

Flat No 7,Press Enclave, Srinagar, 190001
0194 2477887
9971795706
[email protected]
[email protected]

Quick Link

  • E-Paper
  • About Us
  • Contact Us

Top Categories

Stay Connected

1.06MLike
262.5kFollow
InstagramFollow
234.3kSubscribe
WhatsAppFollow
Rising KashmirRising Kashmir
Follow US
© 2025. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?