IOCL Q4 Result: Check Dividend
Indian Oil Corporation (IOC), a state-owned oil company, has reported a decline in its standalone net profit for the March quarter. The company’s net profit fell by 52 percent to Rs 4,838 crore. It was Rs 10,059 crore in the same period last year.
IOC Q4: Revenue
During the fourth quarter, IOC’s revenue from operations also witnessed a decrease of 3 percent, amounting to Rs 2.19 lakh crore as against Rs 2.26 lakh crore in the corresponding quarter of the previous year.
IOC: Dividend
Despite the decline in profits, the company’s Board has recommended a final dividend of Rs 7 per share for the fiscal year 2023-24.
Dividend Amount And Face Value
This dividend amounts to 70 percent per equity share with a face value of Rs 10 each.
When Will be Dividend Paid?
The final dividend will be paid within 30 days from the date of declaration at the Annual General Meeting (AGM).
Actual Date To Get DividendThe record date for payment of the final dividend will be announced in due course.
Comparison Of Quarters Result
In comparison to the preceding September quarter, IOC’s net profit dropped by 40 percent from Rs 8,063 crore. Similarly, revenues also saw a 1 percent decline quarter-on-quarter (QoQ).
