IOC Q4'12 and FY2012 results - First Cut - Microsec Research

Indian Oil Corporation Limited.(IOCL) announced its Q4'12 results as well as its annual results today i.e. May 28,2012.

The company's Q4 topline grows at ~30%YoY and stood at INR128443.96 cr while its PAT stood at INR12670.43 cr which is up both on QoQ and YoY basis. Both EBITDA and PAT margins improved sequentially on QoQ and YoY basis. However the company reported growth in topline but its bottomline figures of FY12 declined over the corresponding year FY11.

The Board of Directors has recommended dividend of INR5.00 per share.

Average GRMs for Q4'12 was $4.25/bbl vs $7.56/bbl and for FY12 was $3.63/bbl vs $5.72/bbl.

Source : Equity Bulls

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