The Chennai-based company had registered standalone net profits at Rs 247.88 crore.
For the financial year ending March 31, 2017 net profits of the company surged 37.9 per cent to Rs 1,029.75 crore from Rs 741.86 crore registered during a year.
Total income from operations for the January-March 31, 2017 went upto Rs 9,486.88 crore from Rs 9,171.69 crore registered during year ago period.
Declaring the financial results for the year ending March 31, 2017, IndianOil Corporation Ltd., Chairman, B Ashok said CPCL posted its second highest results after a gap of 10 years.
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Following the excellent financial performance, Ashok said the Board of Directors have recommended second highest dividend of 210 per cent on the paid-up Equity Capital of the company representing Rs 21 per equity share.
To a query, he said the company had declared its first ever dividend of 170 per cent on the paid-up Equity Capital in the period 2007-08.
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