IOCL posts Rs 21,346 crore net profit in 2017-18

IOCL’s revenue from operations was Rs 1,36,733 crore in the fourth quarter of 2017-18 FY

GN Bureau | May 25, 2018


#IOCL   #PSU  

IndianOil has clocked a net profit of Rs 21,346 crore for 2017-18 fiscal as compared to Rs 19,106 crore in the last fiscal. The reported revenue from operations for 2017-18 FY was Rs 5,06,428 crore as compared to Rs 4,45,442 crore in 2016-17.

IndianOil’s reported revenue from operations was Rs 1,36,733 crore in the fourth quarter of 2017-18 FY as compared to Rs 1,30,865 crore and Rs 1,22,322 crore in the previous quarter of 2017-18 and corresponding quarter of 2016-17, respectively.

Profit for the last quarter of 2017-18 is Rs 5,218 crore as compared to Rs 7,883 crore and Rs 3,721 crore in the previous quarter of 2017-18 and corresponding quarter of 2016-17, respectively.

The board of directors recommended a final dividend of 20 percent in addition to pre-bonus interim dividend of 190 percent paid during the year.
 

Comments

 

Other News

SC verdict on Article 370 abrogation is historic: Modi

Prime minister Narendra Modi said that the Supreme Court’s verdict on the abrogation of Article 370 is historic and constitutionally upholds the decision taken by the Parliament of India on 5th August 2019. Modi also said that the court, in its profound wisdom, has fortified the very

A portrait of Dom community opens a world not seen by many

Fire on the Ganges: Life among the Dead in Banaras By Radhika Iyengar 4th Estate / HarperCollins, 348 pages, 599

Revamp BMC Engineering Department for better governance, says think tank

Calling for reforms in the Engineering Department of BMC, Mumbai Vikas Samiti, a not-for-profit organisation has said that less than optimum performance of Engineering Function has added to the woes of citizens and deterioration in the quality of life in the metro. In its recently released r

NGO hails Maharashtra move to amend Insecticide Act

Hailing the Maharashtra government for introducing a bill to amend the Insecticide Act, 1968, Pesticide Action Network (PAN) India has called the amendments ‘very  focussed’ and urged the state to expand their scope to address other challenges. The bill, introduced in the a

‘Garba of Gujarat’, now a Unesco Intangible Cultural Heritage

`Garba of Gujarat` has been inscribed in the Representative List of Intangible Cultural Heritage (ICH) of Humanity by UNESCO, under the provisions of the 2003 Convention for the Safeguarding of Intangible Cultural Heritage during the 18th meeting of the Intergovernmental Committee for the Safeguarding of t

Cyber frauds helpline has helped save Rs 930 crore

Since its inception, Citizen Financial Cyber Fraud Reporting and Management System has witnessed more than 12.77 lakh complaints registered (till November 15, 2023), and has saved more than Rs. 930 crore in more than 3.80 lakh complaints. This was stated by minister of state for home affair

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter