News Release Details

IndianOil reports net profit of Rs. 6,107 crore in H1, 2015-16
New Delhi   03-Nov-2015


Mr. B. Ashok, Chairman, IndianOil sharing Corporation’s 2nd Quarter financial results for FY 2015-16 at a press conference
held at Corporate Office, Delhi.


Downstream oil company, IndianOil has reported a standalone net profit of Rs. 6,107 crore on income from operations of Rs. 1,86,692 crore for the half year ended 30th September 2015 as compared to a net profit of Rs. 1,624 crore on income from operations of Rs. 2,36,621 crore during the corresponding period in the previous year. This is mainly due to higher refining & petrochemical margins and reduced finance cost.

For the quarter ended 30th September 2015, IndianOil has reported a standalone net loss of Rs. 329 crore on Income from Operations of Rs. 85,385 crore. During the corresponding period in the previous year, the Corporation reported a net loss of Rs. 898 crore on Income from Operations of Rs. 1,11,664 crore.

Mr. B. Ashok, Chairman, IndianOil, said, “IndianOil’s product sales volumes including exports has increased by 4.6% and stood at 39.543 MMT during the first six months of FY 2015-16 as against 37.799 MMT in the corresponding previous period. IndianOil's refining throughput has increased by 3.7% to 27.251 MMT in first half year of current fiscal compared to 26.273 MMT in corresponding period of last fiscal. The throughput of the Corporation’s countrywide pipelines network has grown by 2.7% to 38.937 MMT during the period Apr-Sept'2015 compared to 37.929 MMT in Apr-Sept'2014.

Product sales volumes including exports registered a growth of 5.8% to 19.065 MMT during the second quarter of FY 2015-16 as against 18.027 MMT in the corresponding period of previous year. Our refining throughput was 13.683 MMT during current quarter compared to 13.407 MMT in the corresponding previous quarter. The throughput of the Corporation’s countrywide pipelines network was 19.982 MMT during the current quarter as against 19.039 MMT in the corresponding quarter of previous year.”