Indian Oil Corporation (IOC) has reported a surge in its consolidated net profit at Rs 10,841 crore for the quarter ended March, indicating a YoY growth of 52%.
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The revenue from operations also rose by 10% YoY, amounting to Rs 2.30 lakh crore in the March quarter. The company's Board has recommended a final dividend of 30% for the year 2022-23, which is Rs 3 per equity share, subject to the shareholders' approval at the annual general meeting (AGM).
The payment of the said dividend will be made within 30 days from the date of its declaration at the AGM. The record date for payment of the final dividend would be fixed and intimated in due course.
