IOC Results

India's biggest oil firms including Indian Oil, BPCL and gas utility GAIL have been slapped with fines for a record fifth straight quarter for failing to meet listing norms of having the requisite number of independent and women directors on their board. Stock exchanges BSE and NSE have slapped fines on oil refining and fuel marketing giants Indian Oil Corporation (IOC), Hindustan Petroleum Corporation Ltd (HPCL) and Bharat Petroleum Corporation Ltd (BPCL), explorer Oil India Ltd (OIL), gas utility GAIL (India) Ltd, and refiner Mangalore Refinery and Petrochemicals Ltd (MRPL) for not meeting the listing requirement in the April-June quarter. In separate stock exchange filings, the companies detailed the fines imposed by the BSE and NSE for either not having the requisite number of independent directors or the mandated women directors in the quarter ended June 30, 2024 (first quarter of current 2024-25 fiscal year), but were quick to point out that appointment of directors was done by

The company's revenue rose 63% to Rs 2.52 trillion as against Rs 1.55 trillion in Q1FY22

The company's net profit (profit after tax) came in at Rs 563.42 crore, as against Rs 3,246.93 crore during the same period in fiscal year 2018-19.

The board of directors has declared an interim dividend of Rs 19 per equity share at a face value of Rs 10 per equity share

Shares of the company rose 3.8 percent to Rs 414.85 in a broader Mumbai market that was trading down 0.69 per cent