Indian Oil Corporation in Q4 of FY24 reported a fall of 52% on year in its net profit standing at Rs 4,837.69 crore Vs Rs 10,058.69 crore it posted in the same period a year ago.
The oil marketing major’s revenue from operations stood at Rs 2.20 lakh crore for the quarter ending March of FY24, down 3% year-over-year in comparison to Rs 2.26 lakh crore it posted in the last quarter of the previous year.
The board of IOC has declared a final dividend of Rs 7 per equity share, subject to shareholders’ approval.
