Indian Oil Corp. Ltd on May 22 reported total income of 1.370 trillion Indian rupees, or 5.51 rupees per share, for its fiscal fourth quarter ended March 31 on improved sales, throughput and refining margins, up from the year-ago total income of 1.244 trillion rupees, or 3.93 rupees per share.
Revenue from operations climbed from 1.223 trillion rupees to 1.367 trillion rupees as total product sales climbed from 21.1 million tonnes to 22.6 million tonnes and refinery throughput ticked higher from 17.1 million tonnes to 17.2 million tonnes.
Gross refining margin was $9.12 per barrel, up from $8.95/bbl during the year-ago quarter, the company said.
For the full year ended March 31, the company reported total income of 5.098 trillion rupees, or 22.52 rupees per share, up from the year-ago level of 4.496 trillion rupees, or 20.16 rupees per share.
Product sales climbed from 83.5 million tonnes to 88.8 million tonnes as refinery throughput climbed from 65.2 million tonnes to 69.0 million tonnes and gross refining margin climbed from $7.77/bbl to $8.49/bbl.
The company's board of directors recommended a final dividend of 2 rupees per share, on top of the pre-bonus interim dividend of 19 rupees per share paid during the year.
As of May 22, US$1 was equivalent to 68.045 Indian rupees.
