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Earnings

Lower inventory gains in FY19 impacted the overall profitability, says IOC chairman

Updated : May 20, 2019 08:40 AM IST

Singh said the company reported gross refining margins (GRMs) in Q4 of $4.09 per barrel compared to $9.12 reported for the same quarter last fiscal.
This year, we had inventory gain of Rs 2655 in Q4 compared to Rs 3,482 YoY: Singh

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