Indian Oil Corporation (IOC) on Tuesday reported a 40% drop in its standalone net profit at ₹4,837.69 crore for the fourth quarter of FY24. The state-owned oil marketing company posted a net profit of ₹8,063.39 in the previous quarter.
IOC’s Q4FY24 revenue from operations fell to ₹2.19 lakh crore from ₹2.23 lakh crore, QoQ.
The company declared a dividend of ₹7 per equity share.
(To be updated)
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Published: 30 Apr 2024, 03:00 PM IST