Indian Oil Corporation Ltd has reported a ₹6,099.27-crore net profit for the fourth quarter of financial year 2018-2019. This is 16.89 per cent higher than the ₹5,218.10 crore profit reported in the same quarter of financial year 2017-18.
The company’s board recommended a final dividend of ₹1 per share (or 10 per cent on the paid-up equity share capital) for the financial year 2018-19. Total income during the quarter under review stood at ₹1,45,531.78 crore (₹1,36,964.20 crore), a 6.26 per cent increase.
For the full financial year 2018-19, the net profit stood at ₹16,894.15 crore, while the total income was at ₹6,09,052.28 crore. In 2017-18, the total income stood at ₹5,09,842.2 crore, while net profit was at ₹21,346.12 crore.
