Annual Report 2007-2008 of Oil India Limited

It is a broadly described annual report of Oil India Limited in the year of 2007-2008. During the financial year, Total assets of the Company stood at Rs. 897451.32 Crore. Total income of the Company stood at Rs. 6795.45 Crore. The Company posted Profit before Tax at Rs. 2713.40 Crore (Rs. 2482.63 Crore in the previous year). During the year, The Company earned a profit after tax of Rs. 178893.12 Crore. The earnings per share (EPS) had increased to Rs. 83.59 in 2007-08 compared to Rs. 76.63 in 2006-07. The Shareholders’ Fund as of 31^st March 2008 was Rs. 7932.97 Crore against long-term loan amount of Rs. 70.00 Crore giving a Debt. Equity Rates of 1:113.33 against 1:65.23 in the previous year.

The Board of Directors of the Company was pleased to recommend a final dividend of @150% on the paid-up capital making the total dividend of @275% (Previous year @260%) for the year 2007-2008.

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