Indian Oil Corp Q4 net profit jumps 351 per cent

Mumbai, May 26: The state-owned Indian Oil Corporation Ltd (IOC) has posted a net profit of Rs 4,030.57 crore for the quarter ended March 31 as compared to Rs 892.92 crore for the quarter ended March 31 last year, jumps up 351.39 per cent.

Announcing the results, the company said its total income has increased from Rs 38,504.29 crore in Q4 FY 04-05 to Rs 51,982.96 crore for Q4 FY 05-06.

It has posted a net profit of Rs 4,915.12 crore for the year ended March 31 (FY 05-06) as compared to Rs 4,891.38 crore for the year ended March 31 (FY 04-05). Total Income has increased from Rs 1,39,778.29 crore in FY 04-05 to Rs 1,76,339.74 crore for FY 05-06.

As per the Audited Consolidated results, the group has posted a net profit of Rs 4,932.42 crore for the year ended March 31 (FY 05-06) as compared to Rs 5,469.23 crore for the year ended March 31 (FY 04-05). Total Income has increased from Rs 1,34,894.93 crore in FY 04-05 to Rs 1,63,673.85 crore for FY 05-06.

The Board has recommended a final dividend at 125 per cent.

UNI