Indian Oil Net Profit Rises Marginally To Rs 6,235 Crore In September Quarter
NDTV
Indian Oil Q2 Results: The state-run oil refiner's revenue from operations stood at Rs171,787.19 crore, compared to Rs 1,16,717.62 crore in the year-ago period
Indian Oil Corporation (IOC) announced its July-September quarter results for the financial year 2021-22, reporting a net profit of Rs 6,235.39 crore on a consolidated basis, compared to Rs 6,160.70 crore in the corresponding period last year, marking a marginal growth of 1.14 per cent year-on-year.
The state-run oil refiner's revenue from operations in the second quarter of the current fiscal stood at Rs 171,787.19 crore, compared to Rs 1,16,717.62 crore in the same quarter last year, making a growth of 47 per cent year-on-year.
The company's board declared an interim dividend of Rs 5 per equity share. The interim dividend would be paid to eligible shareholders on or before November 29, 2021, according to a regulatory filing by Indian Oil to the stock exchanges today.
''Due to outbreak of COVID-19 pandemic and consequent national lockdown, the operations of the holding company during April- September 2020 were considerably affected. However, since then, the impact has significantly reduced as is evident from the physical performance during April- September 2021,'' said Indian Oil in its statement.
