Indian Oil up as Q4 net rises 40%

Net profit was up 40% to Rs. 7019 crore in Q4 2014 as compared to Rs. 5005 crore in Q4 2013

Image
SI Reporter Mumbai
Last Updated : May 30 2014 | 11:21 AM IST
Shares of Indian Oil Corporation were up nearly 2% at Rs 360 on the BSE after posting 40% rise in net profit to Rs. 7019 crore for the year ended March 31, 2014 as compared to Rs. 5005 crore for the year ended March 31, 2013.

Total Income of the company increased from Rs. 450611 crore for the year ended March 31, 2013 to Rs. 476627 crore for the year ended March 31, 2014.

“The country's biggest refiner Indian Oil Corporation will raise $1.65 billion debt in overseas market in the current financial year. The company will raise $900 million through external commercial borrowings to replace short-term costlier loan while another $750 million will be raised over the financial year,’’ its director finance PK Goyal said.

The stock opened at Rs 355, touched a high of Rs 361.75 and a low of Rs 355 on the BSE. Over 145,511 shares were traded on both the stock exchanges so far.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 30 2014 | 11:19 AM IST

Next Story