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Indian Oil Corp gains on solid Q4 numbers
Indian Oil Corporation rose 0.81% at Rs 267.50 at 14:06 IST on BSE after net profit surged 224.45% to Rs 12670.43 crore on 31.45% increase in total income to Rs 130305.35 crore in Q4 March 2012 over Q4 March 2011.
The result was announced during trading hours today, 28 May 2012.
Meanwhile, the BSE Sensex was up 88.84 points, or 0.55%, to 16,306.66.
On BSE, 2.59 lakh shares were traded in the counter as against an average daily volume of 60,207 shares in the past one quarter.
The stock hit a high of Rs 271.10 and a low of Rs 265.10 so far during the day.
Net profit fell 46.89% to Rs 3954.62 crore on 32.03% increase in total income to Rs 437706.59 crore in the year ended March 2012 over the year ended March 2011.
On a consolidated basis, net profit fell 46.03% to Rs 4225.98 crore on 31.56% increase in total income to Rs 412111.16 crore in the year ended March 2012 over the year ended March 2011.
The board of Indian Oil Corporation has recommended dividend of Rs 5 per share for the year ended March 2012.
As on 31 March 2012, the Government of India (GoI) held 78.92% stake in Indian Oil Corporation.
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