Indian Oil Corporation (IOC) has reported audited results for the quarter and audited year ended March 31, 2012.
The Company ‘s net profit after tax for the fourth quarter ended March 31, 2012 zoomed by 224.35% at Rs 12670.43 crore as compared to Rs 3905.16 crore for the quarter ended March 31, 2011. Its total income increased by 31.45% to Rs 130305.35 crore for the quarter from Rs 99130.03 crore for the corresponding quarter of the previous year.
For the Year ended March 31, 2012, the Company’s net profit after tax declined by 46.88% at Rs 3954.62 crore for the as compared to Rs 7445.48 crore in the previous year. Its total income has increased by 32.03% to Rs 437706.59 crore for the year ended March 31, 2012 from Rs 331526.87 crore for the previous fiscal.
On consolidated basis, the Group’s net profit after tax & minority interest declined by 46.03% at Rs 4225.98 crore for the year ended March 31, 2012 as compared to Rs 7830.72 crore for the year ended March 31, 2011. Its total income has increased by 31.56% to Rs 412111.16 crore for the year under review from Rs 313244.71 crore a period ago.
Indian Oil Corporation’s board of directors at its meeting held on May 28, 2012, inter alia, have recommended dividend of Rs. 5.00 per share
