Latest News
-
Rs 17/Share Dividend: Record Date On April 26; Buy The ICICI Group Stock To Be Eligible? -
Honasa Consumer to Strengthen Operations by Merging Fusion Cosmeceutics and Just4Kids -
Wipro Reports 7.8% Decline in Q4 Net Profit; CEO Highlights Economic Challenges -
IREDA Hits Record Annual PAT of Rs 1,252 Cr in FY24; Q4 Profits Up by 33% -
Massive Employee Exodus Hits India's Top IT Companies in FY23-24 -
Air India Enhances Operational Efficiency with New Crew Management System -
BlackRock Acquires Shares in Electrosteel Castings and PTC India for Rs 207 Crore -
IndiGo Enhances Domestic Routes with Direct Chennai-Durgapur Flights -
Tesla to Recall Nearly 4,000 Cybertrucks Over Accelerator Pedal Fault -
Reliance, ONGC, Tata, Adanis: Energy Stocks Didn't Get The Memo Of Bears, Up 12% In 30-Days; 10 Stocks To BUY
Indian Oil Reports 3-Fold Jump In Q3 Net Profit
For the December-ended quarter, Indian Oil Corporation Limited (IOC) reported a 315.15 percent increase in standalone net profit at Rs 2,339.02 crore from Rs 563.42 in the previous quarter. For the October-December 2018 period, its net profit was reported at Rs 716.82 crore.
On a consolidated basis, the net profit was at Rs 2,695.09 crore when compared to Rs 767.66 crore in December 2018.
The state-owned company's revenue was up by 11.6 percent to Rs Rs 1.24 lakh crore against Rs 1.11 lakh crore in the September-ended quarter.
Standalone earnings before interest, tax, depreciation and amortisation (EBITDA) rose by 86.2 percent sequentially to Rs 6,650 crore against Rs 3,572 crore. EBITDA margin stood at 5.3 percent when compared to 3.2 percent in the previous quarter.
