IOC Q4 net profit at Rs 6,622.96 cr

Indian Oil Corporation (IOC),on Friday reported a net profit of Rs 6,622.96 cr in fourth quarter.

The country’s largest refiner,Indian Oil Corporation (IOC),on Friday reported a net profit of Rs 6,622.96 crore in the fourth quarter ended March 31,2009,while it had a net loss of Rs 414.27 crore in the corresponding period a year ago.

The total income dipped to Rs 60,599.80 crore during the March quarter,from Rs 71,792.82 crore in the same period last fiscal,IOC said in a filing to the Bombay Stock Exchange.

Effective March 25,IOC had merged Bongaigaon Refinery and Petrochemicals Ltd (BRPL) with itself and the figures of BRPL has been included in the financial results of FY’09.

“Previous year’s figures do not include the financial of erstwhile BRPL and hence are not comparable to those of the current year to that extent,” the filing said.

For the financial year ended March 31,2009,IOC posted a consolidated net profit of Rs 2,599.40 crore,while the same was at Rs 7,912.74 crore in FY’08,the filing added.

Total income rose to Rs 2,90,946.19 crore during the fiscal ended March 2009,from Rs 2,32,558.62 crore in FY’08.

On a standalone basis,IOC posted a net profit of Rs 2,949.55 crore in the FY’09,while it stood at Rs 6,962.58 crore in the year-ago period.

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The standalone total income rose to Rs 3,09,087.59 crore during FY’09,from Rs 2,49,169.16 crore in the previous fiscal.