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OIL posts highest ever PAT

GUWAHATI: Oil India Ltd (OIL) reported the highest ever profit after tax (PAT) of Rs 467.36 crore for the financial year 2000-01, registering an increase of 14.05 per cent over the previous year's PAT of Rs 409.79 crore. The profit before tax during 2000 -01 was Rs 601.36 crore.

The company had issued bonus shares of one for every two shares held during the year and thereby enhanced its paid up capital from Rs 142.67 crore to Rs 214.00 crore. The Board of Directors of the company has recommended a dividend of 80 per cent of paid up capital despite the bonus issue in the ratio of 1:2 made in October, 2000 as against a dividend of 75 per cent in the previous year.

The proposed dividend is Rs 142.67 crore, exclusive of dividend tax, resulting in a pay-out of 30.53 per cent of PAT and pay-out ratio of 33.64 per cent, inclusive of dividend tax, for the year 2000-01. -- Our Bureau