Indian Oil Corporation (IOC), has posted standalone net profit at Rs.7,883 crore for the quarter ended December 31,2017. It had reported standalone net profit of Rs.3,696.3 crore for the quarter ended September 2017.

Revenue was up by 22.2% at Rs.1.1 lakh crore, against Rs.90,567 crore. Operating profit (EBITDA) grew 80% at Rs.13,269 crore and margin was up 390 bps at 12.

The company has declared an interim dividend of Rs.19 per share for the financial year 2017-18.  Further, the board has fixed the record date as Feb 9, 2018 for the same.The company has also announced issuance of bonus shares in the ratio of 1:1 subject to the approval of the shareholders.

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