Mumbai, May 28 (IANS) The Indian Oil Corporation posted a massive increase in net profit at Rs.12,670 crore for the quarter ended March 31 against Rs.3,905 crore during the like period of the previous financial year.
The total income stood at Rs.130,305.4 crore during the quarter under review against Rs.99,130 crore during the year ago period, the company said in a regulatory filing.
For the year ended March 31, 2012, the total income stood at Rs.437,706.6 crore as compared to Rs.331,526.9 crore during the previous fiscal.
The firm has also recommended dividend of Rs.5 per share.
At the Bombay Stock Exchange, the shares of the firm were trading 0.72 percent up Rs.267.25.