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IOC dips on reporting 50% fall in Q1 consolidated net profit

Indian Oil Corporation is currently trading at Rs. 138.50, down by 0.80 points or 0.57% from its previous closing of Rs. 139.30 on the BSE.

The scrip opened at Rs. 138.25 and has touched a high and low of Rs. 142.00 and Rs. 137.30 respectively. So far 104237 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 171.55 on 02-Aug-2018 and a 52 week low of Rs. 105.65 on 05-Oct-2018.

Last one week high and low of the scrip stood at Rs. 146.35 and Rs. 132.00 respectively. The current market cap of the company is Rs. 131045.09 crore.

The promoters holding in the company stood at 52.18%, while Institutions and Non-Institutions held 20.90% and 26.91% respectively.

The company has reported 47.36% fall in its net profit at Rs 3596.11 crore for first quarter ended June 30, 2019 as compared to Rs 6831.13 crore for the same quarter in the previous year. However, total income of the company increased marginally by 0.29% at Rs 150766.57 crore for Q1FY20 as compared Rs 150332.21 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 49.50% in its net profit at Rs 3623.69 crore for the quarter under review as compared to Rs 7175.59 crore for the same quarter in the previous year. However, total income of the company increased marginally by 0.48% at Rs 153109.93 crore for Q1FY20 as compared Rs 152377.02 crore for the corresponding quarter previous year.

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