News Release Details

IndianOil reports net profit of Rs. 16,128 cr. for 9M 17-18
New Delhi 30-Jan-2018

From L-R Mr. Kalikrishna M, CGM (CC), CO, Mr. Anish Aggarwal, Director (Pipelines), Mr. A K Sharma, Director (Finance), Mr. Sanjiv Singh, Chairman, Mr. B S Canth, Director (Marketing), Mr. G K Satish, Director(Planning & Business Development), Dr. SSV Ramakumar,Director (Research & Development) at the quarterly press conference.

IndianOil reported revenue from operations of Rs. 3,69,693 crore for the first nine months of FY 17-18 as compared to Rs. 3,23,088 crore in corresponding period of FY 16-17. The net profit for the nine months ended 31st December 2017 was Rs. 16,128 crore as compared to Rs. 15,386 crore during the corresponding period of the previous year.

The reported revenue from operations of IndianOil was Rs. 1,30,865 crore in Q3 17-18 as compared to Rs. 1,15,630 crore in the corresponding quarter of FY 16-17. Profit for the third quarter of FY 17-18 was at Rs. 7,883 crore as compared to profit of Rs. 3,995 crore in the corresponding quarter of FY 16-17.

The Board of Directors declared an interim dividend of Rs. 19.00 per equity share (face value: Rs. 10/-per equity share). The Board has also recommended issue of bonus shares in the ratio of one equity shares of Rs. 10/- for one existing equity share of Rs. 10/- each, which is subject to approval by the members of the company.

IndianOil Chairman, Mr. Sanjiv Singh, said, “IndianOil sold 66.204 million tonnes of products, including exports, during the first nine months of 2017-18. Our refining throughput for 9M 17-18 was 51.849 million tonnes and the throughput of the Corporation's countrywide pipelines network was 63.113 million tonnes during the same period. The gross refining margin (GRM) during the period Apr-Dec'17 was US$ 8.28 per bbl as compared to US$ 7.36 per bbl in corresponding period of FY 16-17.”

For the third quarter of FY 17-18, IndianOil's product sales volumes, including exports, was 22.810 million tonnes. The refining throughput was 18.232 million tonnes in Q3 FY 17-18 and the throughput of the Corporation's countrywide pipelines network was 22.417 million tonnes during the same period. The gross refining margin (GRM) for the third quarter of FY 17-18 was US$ 12.32 per bbl as compared to US$ 7.67 per bbl in the corresponding quarter of FY 16-17.

To view Unaudited Financial Results for Q3 (2016-17), please click here

Kalikrishna M
Chief General Manager
Corporate Communications

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User agrees to indemnify, defend and hold IndianOil harmless from and against all losses, expenses, damages and costs, including reasonable attorneys' fees, arising out of or relating to any misuse by the User of the content and services provided on the Site.
The information contained in the Site has been obtained from sources believed to be reliable. IndianOil disclaims all warranties as to the accuracy, completeness or adequacy of such information.
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The term User shall refer to the user who is browsing the site. The term IndianOil shall refer to Indian Oil Corporation Limited. The term Site refers to www.iocl.com owned and monitored by IndianOil.
By using the Site, you agree to follow and be bound by the following terms and conditions concerning your use of the Site. IndianOil may revise the Terms of Use at any time without notice to you. Areas of the Site may have different terms of use posted. If there is a conflict between the Terms of Use and terms of use posted for a specific area of the Site, the latter shall have precedence with respect to your use of that area of the Site.
IndianOil may terminate User's access at any time for any reason. The provisions regarding to disclaimer of warranty, accuracy of information, and indemnification shall survive such termination. IndianOil may monitor access to the Site.
All content present on this site is the exclusive property of IndianOil. The software, text, images, graphics, video and audio used on this site belong to IndianOil. No material from this site may be copied, modified, reproduced, republished, uploaded, transmitted, posted or distributed in any form without prior written permission from IndianOil. All rights not expressly granted herein are reserved. Unauthorized use of the materials appearing on this site may violate copyright, trademark and other applicable laws, and could result in criminal or civil penalties. IndianOil is a registered trademark of Indian Oil Corporation Ltd. This trademark may not be used in any manner without prior written consent from IndianOil.
IndianOil does not make any warranties, express or implied, including, without limitation, those of merchantability and fitness for a particular purpose, with respect to any information, data, statements or products made available on the Site.
The Site, and all content, materials, information, software, products and services provided on the Site, are provided on an "as is" and "as available" basis. IndianOil expressly disclaims all warranties of any kind, whether express or implied, including, but not limited to, the implied warranties of merchantability, fitness for a particular purpose and non-infringement.
IndianOil shall have no responsibility for any damage to User's computer system or loss of data that results from the download of any content, materials, information from the Site.
IndianOil may change or discontinue any aspect of its website at any time, including, its content or features. IndianOil reserves the right to change the terms and conditions applicable to use of the Site. Such changes shall be effective immediately upon notice, which shall be placed on the Site.
In no event will IndianOil be liable for damages of any kind, including without limitation, direct, incidental or consequential damages (including, but not limited to, damages for lost profits, business interruption and loss of programs or information) arising out of the use of or inability to use IndianOil's website, or any information provided on the website, or in the Products any claim attributable to errors, omissions or other inaccuracies in the Product or interpretations thereof. Some jurisdictions do not allow the limitation or exclusion of liability. Accordingly, some of the above limitations may not apply to the User.
User agrees to indemnify, defend and hold IndianOil harmless from and against all losses, expenses, damages and costs, including reasonable attorneys' fees, arising out of or relating to any misuse by the User of the content and services provided on the Site.
The information contained in the Site has been obtained from sources believed to be reliable. IndianOil disclaims all warranties as to the accuracy, completeness or adequacy of such information.
IndianOil makes no warranty that: (a) the Site will meet your requirements; (b) the Site will be available on an uninterrupted, timely, secure, or error-free basis; (c) the results that may be obtained from the use of the Site or any services offered through the Site will be accurate or reliable.
The User's right to privacy is of paramount importance to IndianOil. Any information provided by the User will not be shared with any third party. IndianOil reserves the right to use the information to provide the User a more personalized online experience.
The Site provides links to web sites and access to content, products and services from third parties, including users, advertisers, affiliates and sponsors of the Site. You agree that IndianOil is not responsible for the availability of, and content provided on, third party web sites. The User is requested to peruse the policies posted by other web sites regarding privacy and other topics before use. IndianOil is not responsible for third party content accessible through the Site, including opinions, advice, statements and advertisements, and User shall bear all risks associated with the use of such content. IndianOil is not responsible for any loss or damage of any sort User may incur from dealing with any third party.