IndianOil registers highest ever profit of Rs 19,106 crore

IOCL’s profit for the last quarter of 2016-17 was Rs 3,721 crore as compared to Rs 2,006 crore in the corresponding quarter of previous fiscal

GN Bureau | May 26, 2017


#PSU   #IndianOil   #dividend   #income from operations  

 IndianOil posted a net profit of Rs 19,106 crore for 2016-17 fiscal as compared to a profit of Rs 11,242 crore in the last fiscal. The income from operations for the financial year 2016-17 was Rs 4,45,373 crore as compared to Rs 4,06,828 crore in the previous fiscal.

IndianOil's income from operations was Rs 1,22,285 crore in Q4 2016-17 FY as compared to Rs 98,719 crore in the corresponding quarter of the previous financial year. Profit for the last quarter of 2016-17 was Rs 3,721 crore as compared to Rs 2,006 crore in the corresponding quarter of 2015-16.
 
 The board of directors recommended a final dividend of 10 percent (Rs 1 per share). This is in addition to interim dividend of 180 percent (Rs 18 per share) paid during the year.
 
IndianOil, chairman, B Ashok, said that the corporation sold 83.490 million tonnes of products during 2016-17. “Our refining throughput for FY 2016-17 was 65.191 million tonnes and the throughput of the corporation's countrywide pipelines network was 82.490 million tonnes during the same period,” he said.
 

Comments

 

Other News

Beyond toilets: Why open defecation persists in rural India

Despite the awareness campaigns on sanitation across India, open defecation (OD) is practised openly and widely in both rural and urban areas. Research shows that rural respondents are well aware of the negative impacts of OD, yet this awareness does not lead to toilet construction or use. In rural North I

What unpaid nation builders want from policymakers

The Supreme Court recently described homemakers as “nation builders” and fixed a notional monthly income of Rs 30,000 for them in motor accident compensation cases. The judgment was not about wages. It was about compensation. Yet it inadvertently raised a larger economic question: If a homemake

What the US–Iran peace deal means for India

After months of rising tensions, the United States and Iran have reached a memorandum of understanding called the "Islamabad Agreement." This agreement allows for the immediate reopening of the Strait of Hormuz without tolls and provides Iran with relief from sanctions, depending on its complianc

V. M. Tarkunde: A legal luminary par excellence

14 Lawyers: Portraits from The Bar By Raju Ramachandran  Juggernaut, 248 pages, Rs. 799  

The Cost of Obesity

The latest episode of Checks and Balances focuses on the ticking time bomb of obesity in India, and Geetanjali Minhas of Governance Now spoke with a panel of experts. You can watch the episode here: https://youtu.be/mH

US-Iran deal: Path to peace or prelude to deeper regional quagmire?

In the midst of deep mistrust, the US and Iran are reported to have reached a framework deal for ending the West Asian conflict. But whether it will result in any meaningful breakthrough or pave the way for any lasting peace in the region, is in the realm of speculation.   During





Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter