INDIAN OIL Q4 RESULTS TODAY, DIVIDEND LATEST NEWS: BIG ANNOUNCEMENT IN QUARTERLY EARNINGS - DETAILS

Indian Oil Q4 Results, IOC Dividend 2024 Latest News: Shares of Indian Oil Corporation or IOCL will remain in focus as the state-run company will announce its Q4 results (Q4DY24). IOC will also announce dividend payment for its shareholders in quarterly earnings.

Indian Oil is a PSU stock and currently trades under Rs 200.

Indian Oil Q4 Results Preview

According to an ET NOW poll, Indian Oil's net profit in the fourth quarter (Q4FY24) is likely to fall 9 per cent YoY to Rs 7,352 crore from Rs 8.63 crore reported in the same quarter of last fiscal.

The net revenue in the reporting quarter is seen falling by 4 per cent YoY to Rs 1,91,601 crore from Rs 1,99,104 crore. EBITDA is seen increasing by 1 per cent to Rs 15,636 crore versus Rs 15,489 crore. EBITDA margin is seen at 8.2 per cent in the three-month period.

Indian Oil Dividend 2024 Announcement

Indian Oil has announced that its board will take up a proposal for dividend payment to its shareholders during the Q4 results.

"Indian Oil Corporation has informed BSE that the meeting of the Board of Directors of the company is scheduled on 30/04/2024, inter alia, to consider and approve Audited Financial Results for the quarter and year ended 31st March 2024 and declaration of final dividend...," according to a company statement.

Indian Oil dividend 2024 record date will most likely be announced by the company along with the dividend amount.

Indian Oil Share Price Target 2024

Meanwhile, market expert and ET NOW panellist Nooresh Merani has given a BUY call on IOC shares. He said that the set up is strong for Indian Oil shares and that counter has potential to delivere a return of around 15 per cent in the short-term.

According to Merani, Indian Oil share price target comes out to be Rs 200. The stop loss, he said, should be at Rs 173.

Indian Oil Dividend History

Indian Oil is a constituent of S&P BSE 100. Indian Oil had in 2023 paid dividend on two occasions -- Rs 5 in November and Rs 3 in July. In 2022, IOC had rewarded its investors by paying a dividend of Rs 2.40 in August and Rs 4 in February. Indian Oil issued bonus shares in the ratio of 1:2 in July same year.

Back in 2021, IOC had paid dividend on four occasions -- Rs 5 in November, Rs 1.50 in August, Rs 3 in March and Rs 7.50 in February.

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(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)

2024-04-30T03:16:25Z dg43tfdfdgfd