Oil India has declared an interim dividend of Rs. 9.5 per equity share alongside its Q3 results. The company' s Q3 income grew 4.45% to Rs. 2445.9 crore, and profits expanded 18.8%. But Q3 growth has not been sufficent to make up for a very weak Q2 and the nine-month period deficit in incomes and profits in FY17 compared to FY16.
The company had previously announced a bonus issue of shares in the ratio of 1:3 (one bonus equity shares of Rs .10/- each for every three existing fully paid up equity share of Rs 10/- each).