Indian Oil Q4 profit jumps 56.6% to ₹11,377.5 crore

State-owned Indian Oil Corporation’s net profit in the March ended quarter jumped 56.6% to ₹11,377.5 crore from the year-earlier period.

Alongside the results, the board recommended a dividend of ₹1.25 per equity share in addition to the interim dividend of ₹7 per equity share disbursed through the year.

Indian Oil’s overall revenue during the quarter increased 7.12% to ₹2.34 lakh crore during the mentioned period.

As for the Delhi-headquartered refiner’s physical performance, refineries throughput increased about 6.4% during the reported period to 19.732 million metric tonnes (MMT).

Further, domestic sales rose approximately 6% during the period to 26.065 MMT, while exports fell 4.9% to 1.278 MMT during the reported period.