Indian Oil Q4 Results: Net profit drops 40% sequentially, misses analysts' estimates; PSU declares dividend

Indian Oil Q4 Results: State-run Indian Oil Corporation on Tuesday reported a standalone net profit of Rs 4,837.7 crore for the March quarter, down 40 per cent compared with the previous three months. The net profit for the fourth and final quarter of the last financial year fell short of analysts' expectations.

IOC registered revenue of Rs 2,19,875.6 crore for the January-March period, down 1.4 per cent sequentially, according to a regulatory filing. 

According to Zee Business research, the state-run oil marketing company's fourth-quarter net profit was estimated at Rs 8,000 crore and revenue at Rs 1,94,125 crore.

(This story will be updated shortly)

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