News Release Details

IndianOil reports net profit of Rs. 6,436 crore against Rs. 2,523 crore
New Delhi   13-Aug-2015


Mr. B. Ashok, Chairman, and Mr. A. K. Sharma,
Director (Finance) during the press conference
for declaration of IndianOil's first quarter
financial results at Corporate Office today.


Indian Oil Corporation Limited has reported a net profit of Rs. 6,436 crore on Income from Operations of Rs. 1,01,307 crore for the quarter ended 30.6.2015. During the corresponding period in the previous year, the Corporation reported a net profit of Rs. 2,523 crore on Income from Operations of Rs. 1,24,957 crore. The increase in net profit during the first quarter of the current year vis-a-vis the same quarter of the last year is mainly attributable to increased refining and petrochemical margins.

Mr. B. Ashok, Chairman, IndianOil, said, “IndianOil sold 20.478 million tonnes of products, including exports, during April-June 2015. Our refinery throughput for Q1 2015-16 was 13.568 million tonnes and the throughput of the Corporation’s countrywide pipelines network was 18.955 million tonnes during the same period."