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


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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.
 

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