Oil India Q4 Results: Net profit rises 10% YoY to Rs 1,788 crore on high oil prices
The company's gains on high crude prices were limited by the government's windfall tax that was imposed last July. The company reported an excise duty outgo of Rs 252 in the Jan-March quarter compared to nearly nothing in the year-ago period. The excise duty in the October-December quarter was Rs 503 crore
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