Oil India Interim Dividend of ₹7 Record Date Today, February 17, 2025

Oil India Limited’s Board of Directors has declared and approved an interim dividend of ₹7 per equity share.

On February 14, 2025, Oil India share price (NSE: OIL) opened at ₹415.00 and closed at ₹395.65, down by 4.18%. The stock price touched its day’s low at ₹390.10.

Oil India Dividend Record Date

The company’s board of directors have declared a second interim dividend of ₹7 per share (70% of paid-up capital) for the financial year 2024-25. The company stated that the dividend will be paid on or before March 9, 2025. The record date for determining shareholder eligibility for this dividend is set as Monday, February 17, 2025.

Q3 FY 2025 Financial Highlights

Oil India reported 9M FY25 results, where, for the nine months ending December 31, 2024, crude oil production rose by 4.10% to 2.614 MMT from 2.511 MMT in the corresponding period of FY24, while cumulative gas production increased by 2.90% to 2,446 MMSCM from 2,377 MMSCM.

Higher crude production contributed to a 28.38% rise in PAT, reaching ₹4,522.71 crore from ₹3,523.02 crore in the previous year. EBITDA margin improved to 42.76% from 41.34% in Q3 FY24. Additionally, the company’s group PAT for the nine-month period grew by 19.26% to ₹5,542.66 crore from ₹4,647.51 crore in the corresponding period of FY24.

About Oil India Ltd

Oil India Ltd is involved in exploration, development and production of crude oil and natural gas, transportation of crude oil and production of LPG. It also offers various E&P-related services for oil blocks.

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