Indian Oil Corporation (IOC) has posted a consolidated net profit of Rs 7867.45 crore for the year ended March 31, 2007 whereas it was Rs 4932.42 crore for the year ended March 31, 2006. According to an official release issued by the company to the BSE today, total income is Rs 202692.71 crore for the year ended March 31, 2007 whereas it was Rs 162798.16 crore for the year ended March 31, 2006.For the quarter ended March 31, 2007, the company has posted a net profit of Rs 1609.67 crore for the quarter ended March 31, 2007 whereas it was Rs 4030.57 crore for the quarter ended March 31, 2006.Total income for the quarter ended March 31, 2007, is Rs 55412.07 crore whereas it was Rs 51420.30 crore for the quarter ended March 31, 2006.With the merger of IBP with IOC taking effect in the current quarter (January-March 2007), the previous year's figures do not include the financials of erstwhile IBP and hence are not comparable to those of the current year.The board of the company has recommended final dividend @ 130% in addition to the interim dividend of 60% paid in December 2006.