The turnover of the company was also the highest so far and stood at Rs 9863.23 crores showing an increase of 18.54 per cent against last fiscal, Srivastava said at the company's 53rd Annual General Body meeting in its Field Headquarters here.
The profit after tax touched a new peak of Rs 3446.92 - an increase of 19.36 per cent over the previous year, Srivastava said.
As a result the company's declared dividend was at 400 per cent, which too was the highest so far, he added.
Improved financial performance helped OIL to increase its net worth to Rs 17721 crore as against Rs 15602 crore during the previous fiscal, he said.
The CMD also pointed out that this achievement was in spite of having provided subsidy discounts of Rs 7351.77 crores compared to Rs 3293.08 crores during the corresponding period in 2010-11 to Oil Marketing Companies to compensate for their under recoveries in line with Government policy.
Srivastava also mentioned about OIL