IOC also stated that its Board has recommended a final dividend of Rs 3.60 per equity share, which translates into final dividend of Rs 2.40 per equity share (post-bonus) for FY22.
MRPL reports earnings for Q1FY22 equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Domestic equity benchmarks were trading with modest gains in morning trade. IT, metal and FMCG shares advanced while pharma and auto shares declined.
At 10:26 IST, the barometer index, the S&P BSE Sensex, was up 125.17 points or 0.24% to 51,473.94. The Nifty 50 index has added 53.30 points or 0.35% to 15,169.10.
The Sensex hit a record high of 51,606.25 and the Nifty hit a record high of 15,197.80 in morning trade. Both the indices have gained over 11% in seven straight sessions.
In the broader market, the S&P BSE Mid-Cap index gained 0.34% while the S&P BSE Small-Cap index rose 0.56%.
The market breadth was positive. On the BSE, 1392 shares rose and 1068 shares fell. A total of 137 shares were unchanged.
Bharat Petroleum Corporation (BPCL) rose 2.30% to Rs 429.55 after the company s net profit surged 120.3% to Rs 2,777.62 crore on 10.7% decline in net sales to Rs 66,731.39 crore in Q3 FY21 over Q3 FY20.
The oil marketing company s other income in the third quarter was Rs 1,514.55 crore as against Rs 514.82 crore in the same period last year.
The state-owned refiner s throughput in the quarter declined 13.9% year-on-year (YoY) to 7.24 million tonne. The company s market sales in the quarter were largely flat at 11.10 million tonne as compared to the same period last year.
In the third quarter, the company incurred a one-time cost of Rs 419 crore towards an employee stock purchase option scheme 2020.