Mumbai: State-run Indian Oil Corporation (IOC) has reported a net loss of Rs414.27 crore for the quarter ended March 2008, against a net profit of Rs1,502.69 crore in the corresponding period last year.
“The total income rose to Rs71,792.82 crore for the quarter under review, from Rs53,818.75 crore in the same period a year-ago,” IOC said in a filing to the Bombay Stock Exchange.
The company’s board has declared a dividend of 55% for the year 2007-08, i.e. for every share of face value Rs10 the shareholder would get a dividend of Rs5.50.
For the full-year ended March 2008, IOC reported a consolidated net profit of Rs7,912.74 crore, against a net profit of Rs7,867.45 crore in the year-ago period.
The total income rose to Rs2,32,558.62 crore in FY08, from Rs2,02,694 crore in the year-ago period.
For FY08, the standalone net profit was Rs6,962.58 crore, a 7.16% decline over the previous fiscal. The firm had a net profit of Rs7,499.47 crore in FY07.
The total income rose to Rs2,49,169.16 crore in FY08, from Rs2,17,533.82 crore in the year-ago period. Shares of the company closed at Rs428, up 1.53% on the BSE.