Indian Oil Corporation gains on reporting 53% rise in Q4 consolidated net profit
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Indian Oil Corporation is currently trading at Rs. 87.80, up by 0.80 points or 0.92% from its previous closing of Rs. 87.00 on the BSE.
The scrip opened at Rs. 87.80 and has touched a high and low of Rs. 88.61 and Rs. 87.50 respectively. So far 1854166 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 88.61 on 17-May-2023 and a 52 week low of Rs. 65.20 on 29-Sep-2022.
Last one week high and low of the scrip stood at Rs. 88.61 and Rs. 83.35 respectively. The current market cap of the company is Rs. 123998.59 crore.
The promoters holding in the company stood at 51.50%, while Institutions and Non-Institutions held 38.45% and 10.05% respectively.
Indian Oil Corporation has reported results for fourth quarter (Q4) and year ended March 31, 2023.
The company has reported 67.04% rise in its net profit at Rs 10,058.69 crore for the quarter under review as compared to Rs 6,021.88 crore for the same quarter in the previous year. Total income of the company increased by 9.99% at Rs 228130.16 crore for Q4FY23 as compared to Rs 207,412.59 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 52.93% rise in its net profit at Rs 10,841.23 crore for fourth quarter ended March 31, 2023 as compared to Rs 7,089.18 crore for the same quarter in the previous year. Total income of the company increased by 10.64% at Rs 231,926.82 crore for Q4FY23 as compared to Rs 209,629.86 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported 65.92% fall in its net profit at Rs 8,241.82 crore as compared to Rs 24,184.10 crore for the previous year. However, total income of the company increased by 28.44% at Rs 941,187.88 crore for year under review as compared to Rs 732,784.20 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 54.51% fall in its net profit at Rs 11,704.26 crore as compared to Rs 25,726.60 crore for the previous year. However, total income of the company increased by 29.17% at Rs 955,608.86 crore for year under review as compared to Rs 739,813.06 crore for year ended March 31, 2022.
