Indian Oil: Net profit rose 57.7% year-on-year to Rs 8,123 crore

April 30, 2025

Stocks Updates:

Indian Oil: net profit rose 57.7% year-on-year to Rs 8,123 crore in the Jan-March quarter. Dividend announced: Rs 3 per share. The board also approved an additional Rs 1,086 crore investment in Terra Clean Ltd to add 4.3 GW of renewable energy capacity.

Adani Power: net profit fell 3.7% year-on-year to Rs 2,637 crore in the Jan-March quarter.

Varun Beverages: net profit rose 35% year-on-year to Rs 726 crore in the Jan-March quarter. Dividend announced: Rs 0.5 per share with 7 May as the record date.

Vedanta: net profit rose 154% year-on-year to Rs 3,483 crore in the Jan-March quarter.

Dixon Tech: will form a joint venture with ‘Inventec Corp’ to manufacture notebooks, desktops, other components, and servers in India. Dixon will hold 60% and Inventec will hold 40%.

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