News Release Details

IOC reports net profit of Rs. 8,269 cr. against Rs. 6,591 cr. of Q1 2015-16
New Delhi   29-Aug-2016



IndianOil reported a net profit of Rs. 8,269 crore for the quarter ended 30th June, 2016 as compared to a profit of Rs. 6,591 crore in the corresponding quarter of 2015-16. The income from operations for the quarter ended 30th June, 2016 was Rs. 1,07,201 crore as compared to Rs. 1,13,743 crore in corresponding quarter of 2015-16 and despite better physicals, the decrease is purely because of fall in international prices in current period.

The Board of Directors has recommended bonus shares in the ratio of one equity shares of Rs. 10/- for one existing equity share of Rs. 10/- each out of accumulated reserves.

IndianOil Chairman, Mr. B Ashok, said, “IndianOil sold 21.378 million tonnes of products, including exports, during Q1 2016-17. Our refining throughput for Q1 2016-17 was 16.099 million tonnes and the throughput of the Corporation’s countrywide pipelines network was 21.437 million tonnes during the same period. The gross refining margin (GRM) during Q1 2016-17 was US$ 9.98 per bbl as compared to US$ 10.77 per bbl in Q1 2015-16.”

To view Unaudited Financial Results for Q1 (2016-17), please click here