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The final dividend is in addition to an interim dividend of Rs 5 per share, which was paid during the year. The final dividend would be paid within 30 days from the date of declaration at the AGM. The record date for payment of final dividend will be intimated in due course.
IOC Q4 Results: The company's revenue from operations fell 3% to Rs 2.19 lakh crore for the fourth quarter, compared with Rs 2.26 lakh crore in the previous year's quarter.
Q3 Results: Most companies managed their performance either in-line with Dalal Street's expectations or beat analysts' estimates.
Indian Oil Corporation reported a gross refining margin of $13.12 per barrel in converting crude oil into fuel during the September quarter (Q2FY24), compared to $25.49 per barrel in the same period the previous year.
IOC stock rose 4.11% intraday to Rs 87.67 against the previous close of Rs 84.21 on BSE. It has gained 8.21 per cent in the last one year.