Oil India Limited recorded an 11% dip in first quarter profits, slipping over lower international crude prices and slump in production. The oil major’s net profit totaled to ₹625 crore, declining from ₹703 crore in the corresponding quarter last fiscal. In a statement, OIL informed that crude oil production for the quarter is 0.813 MMT which is 3.67% lower than Q1 FY 2018-19.