₹18,999 Cr Profit But EPS is Just ₹13.70? What’s Cooking in Oil India Ltd?
🧾 At a Glance: Oil India Limited (OIL) reported a massive ₹18,999 crore net profit for FY24. Revenue? Over ₹1.14 lakh crore. But earnings per share? Just ₹13.70. Wait… what? Is this PSU magic, share dilution, or a financial illusion? Let’s dig in.
🏢 About the Company
Oil India Ltd is India’s second-largest government-owned exploration and production company. It was founded in 1959, which also happens to be the year Elvis released Jailhouse Rock—but unlike Elvis, OIL is still rockin’… just more in the geopolitical crude sense.
OIL’s business revolves around:
Crude oil exploration, development, and production
Natural gas production
Pipeline transportation and engineering services
A few side quests in renewable energy—because ESG is the new black.
👨💼 Key Managerial Personnel (KMP)
As per the FY24 report:
CMD: Dr. Ranjit Rath (also the Oil whisperer of India)
Director – Finance: Ms. Rupam Banerjee (the lady with the purse strings)
Company Secretary: Shri Bishnu Prasad Mohapatra
Basically, a PSU dream team that can turn gas into gold—literally.
