IOC Q3 net at Rs 776.56 cr, declares 50% dividend

Indian Oil Corporation Ltd has posted a net profit of Rs 7765.60 million for the quarter ended December 31, 2002 as compared to Rs 5677.90 million for the quarter ended December 31, 2001. Total income has increased from Rs 285837.9 million in DQ-01 to Rs 314479.7 million in DQ-02.

The company recommended an interim dividend of 50% for the year ended March 31, 2003.

BSE Code: 530965