Indian Oil Corporation (IOC) today reported a consolidated net profit of Rs Rs 6,261.6 crore for the quarter ended December 31, 2021. This was a modest 0.4 percent quarter-on-quarter increase, but a significant 51.53 percent increase from the corresponding quarter in the 2020-21 financial year.
In its quarterly earnings report, the company reported a consolidated revenue from operations of Rs 1.99 lakh crore, up 35 percent QoQ and 36.3 percent increase year-on-year.
The company reported earnings before interest, taxation, depreciation and amortisation ( EBITDA) At Rs 10,773 crore, a margin of 6.5 percent.
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The company in the report said its board of directors, during a meeting on Monday, approved an interim dividend of Rs 4 per equity share (face value of Rs 10 per equity share), in addition to the interim dividend of Rs 5 per equity share paid during this period. The company reported earnings per share of Rs 6.69 crore, and a paid-up equity share capital of Rs 9,414.16 crore.
In the report, the company said, "Due to outbreak of COVID-19 pandemic and consequent national lockdown, the operations of the Holding Company during April-December 2020 were considerably affected. However, since then, the impact has significantly reduced as is evident from the physical performance during April- December 2021."
(Edited by : Vijay Anand)
First Published: Jan 31, 2022 6:46 PM IST
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