Oil India (OIL) today reported a jump of sixfold in its net profit at Rs 430.99 crore for the quarter ended March 31, over the same period last year.
The company had a net profit of Rs 70.75 crore in the same quarter ended March 2009, OIL said in a filing to the Bombay Stock Exchange (BSE).
Total operating income rose to Rs 1,870 crore for the January-March quarter from Rs 1,400 crore in the same quarter previous fiscal.
The board has proposed a final dividend of Rs 16 per share or 160 per cent to the shareholders of the company for the financial year 2009-10.
"The company has done consolidation of financial results for the first time, so previous figures are not provided," the filing added.
For the year ended March 31, the company has posted a consolidated net profit of Rs 2,161 crore.
Shares of Oil India today closed at Rs 1,241.15 on the BSE, up 0.98 per cent from previous close.
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