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This is an archive article published on May 27, 2006
IOC Q4 net up
Indian Oil Corporation Ltd8212;the largest Indian company in terms of sales8212;today recorded over a four-fold jump in net profit at Rs 4,030.57 crore for the quarter ended March 31 as compared to Rs 892.92 crore for the quarter ended March 31, 2005.
Mumbai | May 27, 2006 12:00 AM IST
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Indian Oil Corporation Ltd8212;the largest Indian company in terms of sales8212;today recorded over a four-fold jump in net profit at Rs 4,030.57 crore for the quarter ended March 31 as compared to Rs 892.92 crore for the quarter ended March 31, 2005.
Total income rose 35 per cent to Rs 51, 982.96 crore in the fourth quarter in the year 2005-06 from Rs 38,504.29 crore in the year-ago period. The board has recommended a final dividend of Rs 12.50 per share of Rs 10.
For the year ended March 31, the company registered a net profit of Rs 4,915.12 crore as against Rs 4,891.38 crore for the year 2004-05. The total income rose to Rs 1,76,339.74 crore during FY 05-06 from Rs 1,39,778.29 crore in FY 04-05.
The group posted a consolidated net profit of Rs 4, 932.42 crore for the year 2005-06 as compared to Rs 5,469.23 crore for the year 2004-05.
Godrej Ind net down
Mumbai: Godrej Industries net profit fell by 12 per cent at Rs 2,660 lakh for the fourth quarter ended March 2006 as against Rs 3,032 lakh in the corresponding quarter last year.
Godrej chairman Adi Godrej said that the total income has declined on account of lower selling prices and volumes in the oleo-chemicals business with increased competition. The sales of the company for the fourth quarter were also down by 12 per cent at Rs 184.74 crore against Rs 209.49 crore in the similar quarter last year.
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