Oil India, a leading Navratna Indian PSU, today posted its net profit for the fourth quarter ended March, 2011 at Rs 563 crore, increased by 30.63% from Rs 431 crore in the corresponding quarter last year.
The net sales for the March quarter were posted at Rs 2,019 crore, up 10.21% as compared to Rs 1,832 crore in the same quarter a year ago.
The shares of IOC today before the results announcemnet closed at Rs 1268.20 with a marginal rise of 0.01% from its previous close on the Bombay Stock Exchange.
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