IOC Chairman Ashok expects the company's interest costs to fall by Rs 1500-2000 crore annually
Ashok expects under recoveries—shortfall due to selling below market rates—to reduce to Rs 3000 crore in the March quarter, from Rs 15,500 crore last year.
He is hopeful of the company making a 'healthy' profit this quarter.
He said his firm was making positive margins on petrol and diesel, particularly petrol, but not a lot.
Ashok expects the company's interest costs to fall by Rs 1500-2000 crore annually.
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IOC stock price
On March 31, 2015, at 11:10 hrs Indian Oil Corporation was quoting at Rs 372.15, up Rs 17.85, or 5.04 percent. The 52-week high of the share was Rs 410.90 and the 52-week low was Rs 258.80.
The company's trailing 12-month (TTM) EPS was at Rs 34.50 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 10.79. The latest book value of the company is Rs 271.80 per share. At current value, the price-to-book value of the company is 1.37.
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