Exploration & Production company Oil India announced Q4FY24 & FY24 results: FY24 Financial Highlights: The company registered its highest ever EBIDTA of Rs 11,643.30 crore for FY24, attributed to sound operating performance. Profit after tax (PAT) for FY24 decreased to Rs 5,551.85 crore compared to Rs 6,810.40 crore for FY23 due to provisions made for statutory compliances. Crude oil production in FY24 increased by 5.76% to 3.359 MMT compared to 3.176 MMT in FY23. Natural gas production in FY24 reached its highest ever at 3.182 BCM. The company drilled a record-breaking 61 wells during FY24, surpassing all previous records since inception. The Board recommended issuing bonus shares in the ratio of one equity share of Rs 10 each for every two existing equity shares of Rs 10 each held. The group turnover for the year, considering NRL as a group company of OIL, was reported at Rs 36,303.62 crore compared to Rs 41,025.98 crore in FY23, mainly due to lower prices of crude oil, natural gas, and petroleum products during FY24 and lower throughput of NRL due to Refinery turnaround in Q1FY24. A final dividend of Rs 3.75 per equity share (pre-bonus) was recommended, translating to a final dividend of Rs 2.50 per equity share (post-bonus). Q4FY24 Financial Highlights: The company recorded the highest-ever profit after tax for Q4FY24 at Rs. 2,028.83 crore, indicating a 13.45% increase over Q4FY23. Crude oil production in Q4FY24 increased by 6% YoY. Natural gas production during Q4FY24 grew by 3.21% over the corresponding quarter of FY23. Result PDF