Posts

IOC Q4 results: Cons PAT surges 78% YoY to Rs 14,458 crore, revenue rises 7%

Indian Oil Corporation (IOC) reported a consolidated net profit at Rs 14,458 crore in the March-ended quarter versus Rs 8,124 crore in the year ago period, implying a 78% surge. The profits are attributable to the equity holders of the parent.The revenue from operations posted a revenue growth of 7% to Rs 2,36,899 crore in Q4FY26 was versus Rs 2,21,360 crore posted by the company in the corresponding quarter of the previous financial year.The company's board also recommended a final dividend of Rs 1.25 per equity share subject to the approval of the shareholders at the upcoming Annual General Meeting (AGM). The final dividend will be paid within 30 days from the date of declaration at the AGM. The record date for payment of final dividend would be fixed and intimated in due course.The company's profit after tax (PAT) grew 11% on a sequential basis versus Rs 13,007 crore in Q3FY26 while the topline saw a marginal uptick of 0.27% quarter-on-quart versus Rs 2,36,257 crore in the O...

Auto MSMEs seek relief from carmakers

New Delhi: Small and medium enterprises supplying auto components have urged large automobile manufacturers to share the burden of rising wages, energy prices and raw material costs, saying that many of them are under severe financial stress. They have also made a pitch for long-term vendor sustainability frameworks instead of purely transactional procurement practices.Industry body Federation of Indian Micro Small and Medium Enterprises (FISME) has approached the Society of Indian Auto Manufacturers that represents automakers, asking it to urge its members to speed up price revisions as well as make faster payments and provide support to suppliers through financing platforms such as the Trade Receivables Discounting System.Also read: In fast lane: The twin drivers behind MoTown India's fast & furious April showSMEs are struggling with sharp increases in labour and input costs, with wages rising by up to 35% in some regions and overall operating costs increasing more than 35% s...

PM Modi receives Sweden's top honour

Gothenburg (Sweden): Prime Minister Narendra Modi was on Sunday conferred with Sweden's Royal Order of Polar Star, the highest honour awarded to a Head of Government by the Scandinavian nation.This is Prime Minister Modi's 31st international honour.Also read: PM Modi lands in Sweden, set to meet Kristersson & EU chief Ursula von der LeyenThe award is the highest distinction that can be given to a Head of Government.— PTI_News (@PTI_News) The Royal Order of the Polar Star was instituted in 1748 and is intended to recognise personal endeavours for Sweden or for Swedish interests, particularly within public activities, as well as the successful performance of public tasks and duties, according to the official website.Modi arrived in Sweden on Sunday for a two-day visit. He was received by his Swedish counterpart, Ulf Kristersson, at the Gothenburg Airport. from Economic Times https://ift.tt/MNcO4bf

ISIS second in command eliminated: Trump

from Economic Times https://ift.tt/ZtYWKCI

Man paid ₹10 lakh for NEET paper, son got 107

from Economic Times https://ift.tt/eYcgP5b

Union Minister Bandi Sanjay Kumar's son arrested

from Economic Times https://ift.tt/qKfNZvl

750 reasons Boeing smiling after Trump China visit

from Economic Times https://ift.tt/YALbu1U