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OIL net rises 26.5 pc to Rs 907.98 cr

Oil India Ltd reported a jump of 26.5 per cent to Rs 907.98 crore in its net profit.

State-owned Oil India Ltd reported a jump of 26.5 per cent to Rs 907.98 crore in its net profit in the quarter ended December 31,2010,on higher crude oil prices.

OIL had reported a net profit of Rs 717.28 crore in the October-December quarter last fiscal,the company said in a filing to the stock exchanges.

Sales was up by 17 per cent to Rs 2,388.65 crore in the third quarter of the financial year.

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