Indian Oil Corporation's net profit for March quarter zooms to Rs 12,670 cr

NEW DELHI: The Indian Oil Corporation registered a increase of net profit at Rs 12,670 crore for the quarter ended March 31 as against Rs 3,905 crore during the corresponding period of the previous financial year.

During the quarter under review, the total income of the company stood at Rs 130,305.4 crore as against Rs 99,130 crore during the year ago period.

For the full year ended March 31, 2012, the total income of the company stood at Rs 437,706.6 crore as compared to Rs 331,526.9 crore during the previous fiscal.

Moreover, the company's board has recommended the dividend of Rs 5 per share.