Oil india Q4 net down 21% at Rs 445 cr
Announces dividend of Rs 5
State-owned oil company Oil India reported a 21% decline in net profit at Rs 445 crore for the quarter ended March 2012. It was Rs 563 crore in the same period a year ago.
The total income also decreased 11% to Rs 1,720 crore as compared to Rs 1,929 crore in March 2011.
The board of directors recommended dividend of Rs 5 per share (50%).
The scrip is trading 1.6% down at Rs 443 crore on BSE.