IOC Net Profit for FY 2008 at Rs 6962.58 Crores

Indian Oil Corporation Ltd (IOC) has announced the results for the quarter & year ended March 31, 2008.The Unaudited results for the Quarter ended March 31, 2008: The Company has posted a net loss of Rs 4142.70 million for the quarter ended March 31, 2008 as compared to net profit of Rs 15026.90 million for the quarter ended March 31, 2007. Total Income has increased from Rs 538187.50 million for the quarter ended March 31, 2007 to Rs 717928.20 million for the quarter ended March 31, 2008.The Audited results for the Year ended March 31, 2008: The Company has posted a net profit of Rs 69625.80 million for the year ended March 31, 2008 as compared to Rs 74994.70 million for the year ended March 31, 2007. Total Income has increased from Rs 2175338.20 million for the year ended March 31, 2007 to Rs 2491691.60 million for the year ended March 31, 2008.The Audited consolidated results for the Year ended March 31, 2008: The Group has posted a profit of Rs 79127.40 million for the year ended March 31, 2008 as compared to Rs 78674.50 million for the year ended March 31, 2007. Total Income has increased from Rs 2026940.00 million for the year ended March 31, 2007 to Rs 2325586.20 million for the year ended March 31, 2008.The stock was trading at Rs.420, down by Rs.1.55 or 0.37%. The stock hit an intraday high of Rs.430 and low of Rs.415.The total traded quantity was 104903 compared to 2 week average of 204494.