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Indian Oil Corporation reports net profit of Rs 8,781 cr in Q4

Indian Oil Corporation reports net profit of Rs 8,781 cr in Q4

Indian Oil Corporation reports net profit of Rs 8,781 cr in Q4
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By PTI May 19, 2021 4:39 PM IST (Updated)

Standalone net profit in January-March at Rs 8,781.30 crore, or Rs 9.56 a share, compared with a loss of Rs 5,185.32 crore in the same period a year back, the company said in a regulatory filing.

Indian Oil Corporation (IOC), India’s biggest oil firm, on Wednesday, reported a net profit of Rs 8,781.30 crore for the January-March quarter, helped by higher refining margins.

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Standalone net profit in January-March at Rs 8,781.30 crore, or Rs 9.56 a share, compared with a loss of Rs 5,185.32 crore in the same period a year back, the company said in a regulatory filing.
Revenue from operation jumped to Rs 1.63 lakh crore from Rs 1.39 lakh crore last year. The company sold more petroleum products in the fourth quarter of 2020-21 fiscal at 21.2 million tonnes as opposed to 20.69 million tonnes in the previous year.
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