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IOC dividend

IOC dividend

Indian Oil Corporation Q4 profit jumps to 79% to Rs. 8,781.3 Crores.

Government controlling oil marketing company Indian Oil Corporation, on May 19, reports independently operating software profit at Rs. 8,781.3 Crores in the quarter ended March 2021. Rising to 78.6 per cent compared to Rs. 4,916.59 Crores in the earlier quarter.

The individual revenue from operations grew by 11.6 per cent sequence to Rs. 1,63,605.67 Crores in March 2021 quarter another income on the quarter of Rs. 1,101.67 Crore will decline to 13.2 per cent comparing to the previous quarter.

“Other Income for the year April to March 2021 includes foreign exchange gain of around Rs. 1,257.62 Crores. Against the exchange loss of Rs. 4,145.53 Crores, including other expenses in April to March 2020, said BSE filing in the IOC.

In the COVID financial year FY21, the individual profit shot up significantly to Rs. 21,836.04 Crores were comparing to Rs. 1,313.23 Crores in the previous year. Revenue during the year fell 9.1 per cent to Rs. 5,14,890.7 Crores.

IOC has a recommendation on a final dividend of Rs. 1.50 each share for the financial year 2020 to 2021. “The final bonus is in addition to the profit dividends of Rs. 10.50 per share paid for the financial year 2020-21 said the company in its BSE filing.

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