🛢️ Oil India Q2 Profit Drops on Weaker Margins; Declares ₹3.5 Dividend

Oil India reported a decline in its Q2 net profit, falling to ₹1,044 crore from ₹1,834 crore in the previous quarter, as profitability came under pressure from softer margins. Revenue slipped slightly to ₹5,457 crore compared to ₹5,520 crore earlier. The company’s operational performance also moderated, with EBITDA dropping to ₹1,325 crore from ₹1,606 crore, while EBITDA margins contracted to 24.3%, down from 32.1% in the previous quarter. Despite the weaker results, Oil India announced an interim dividend of ₹3.5 per share. #OilIndia #Q2Results #EarningsUpdate #EnergySector #ProfitDecline #Dividend #BusinessNews #OilandGas