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Indian Oil's Consolidated Net Profit Soars in Fiscal Q4

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Indian Oil (NSE:IOC, BOM:530965) recorded a jump in its consolidated net profit to 144.6 billion Indian rupees in the fiscal fourth quarter ended March 31, against 81.2 billion rupees a year ago.

Earnings per share climbed to 10.50 rupees compared with a year-ago figure of 5.90 rupees, according to a Monday filing to the Indian stock exchanges by the oil marketing company.

Revenue from operations in fiscal Q4 also increased to 2.369 trillion rupees from 2.214 trillion rupees a year earlier.

The company's board also recommended a final dividend of 1.25 rupees per share for the financial year ended March 31.

Shares of the company rose over 2% in recent trade.

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