Indian Oil This autumn End result: Indian Oil Company (IOC) reported a decline in internet revenue within the fourth (January-March) quarter of the final monetary 12 months. The corporate’s internet revenue declined by 31.4 %. The corporate mentioned on Tuesday that this has occurred resulting from falling margins within the petrochemical enterprise and loss on gross sales of auto fuels.
How was the revenue final 12 months?
The corporate reported a standalone internet revenue of Rs 6,021.88 crore or Rs 6.56 per share in January-March. The determine was Rs 8,781.30 crore or Rs 9.56 per share in the identical interval a 12 months in the past. Nonetheless, the revenue was increased than the earlier quarter’s Rs 5,860.80 crore.
How a lot bonus will you get?
Working prices rose to Rs 2.06 lakh crore within the March quarter on the again of a soar in oil costs, from Rs 1.63 lakh crore in the identical interval final 12 months. The board of the corporate has beneficial issuance of bonus shares within the ratio of 1:2. Below this, a brand new bonus share of face worth of Rs 10 will likely be given for each two present fairness shares.
The board first declared a dividend of Rs 3.60
The board additionally declared a remaining dividend (earlier than bonus) of Rs 3.60 per fairness share. The corporate reported a file internet revenue of Rs 30,443.93 crore throughout your entire monetary 12 months 2021-22, which is 15 per cent increased than the earlier monetary 12 months.
7.28 lakh crore earnings
The corporate mentioned that for the monetary 12 months 2021-22, it has earned an earnings of Rs 7.28 lakh crore on a standalone foundation, which is the best in comparison with different Indian corporations. IOC mentioned that after together with the earnings of subsidiaries like CPCL, the consolidated earnings of the corporate is Rs 7.36 lakh crore.
Earlier Reliance had launched the figures
Earlier this month, Reliance Industries had reported income of Rs 7.92 lakh crore in 2021-22. That is the best income for an Indian firm, however it additionally contains the GST that the corporate collects from the federal government on the sale of its merchandise. It needs to be transferred to the federal government. GST is just not included within the earnings of IOC.
Gold Worth: Gold costs elevated, silver additionally grew to become costlier by greater than Rs 1000, test the charges of 10 grams of gold
Vital information for financial institution FD holders, these 2 banks have made a giant change, know whether or not you may have additionally obtained fastened deposits carried out?