“Profitability analysis: a comparative study of selected petroleum companies of india”

Abstract

As India is developing nation and its economy is also growing and enlarging day by day after new economic policy of the year 1991, India’s corporates and business entities are also started with international ventures, transactions and mergers so, in such phase of development petroleum industry of India is contributing at its highest level for the same. As we know that petroleum industry is providing valuable inputs and support for the growth of other business organization also because its base line for running any business organization. So, this research study is carried out to determine that, how these petroleum industry is performing in India and for the same three biggest companies of the industry named as ONGC, Reliance Industries and Oil India has been selected on the basis of Net Profit earning capacity and financial data of the years 2015-16 to 2019-20 has been taken as base for the profitability analysis. Three different key profitability ratios are identified and statistically tested by using single factor ANOVA test.