News Release Details

IndianOil Financial Performance Q1 2018-19
New Delhi 11-Aug-2018

Indian Oil Corporation (IndianOil) today reported its financial performance for the quarter ended 30th June 2018. The Company has voluntarily adopted quarterly publishing of Consolidated Financial Statement starting from the first quarter of FY 2018-19.
IndianOil’s Revenue from Operations was Rs. 1,49,747 crore in Q1 FY 2018-19 as compared to Rs. 1,28,183 crore in the corresponding quarter of FY 2017-18. Profit for the first quarter of FY 2018-19 is Rs. 6,831 crore as compared to Rs. 4,549 crore in the corresponding quarter of FY 2017-18. The variation is majorly on account of higher inventory gains of Rs. 7,866 crore during the current quarter, which is partly compensated by lower refining margins and exchange losses.
IndianOil Chairman, Mr. Sanjiv Singh, said, “IndianOil sold 22.866 MMT of products, including exports, during Q1 2018-19. Our refining throughput for Q1 2018-19 was 17.666 MMT and the throughput of the Corporation’s countrywide pipelines network was 22.852 MMT during the same period. The Gross Refining Margin (GRM) for the first quarter of 2018-19 was US$ 10.21 per bbl as compared to US$ 4.32 per bbl in the corresponding quarter of 2017-18.”

Performance Highlights for April-June 2018 Quarter:

The Company’s Revenue from Operations for the quarter ended 30th June 2018 was Rs. 1,49,747 crore as compared to Rs. 1,26,396 crore adjusted for impact of GST in the corresponding quarter of financial year 2017-18 (Growth of 18.5%).
Refinery throughput of the Company for the quarter ended 30th June 2018 increased to 17.666 MMT as against 17.521 MMT in the corresponding quarter of financial year 2017-18, registering a growth of 0.8%.
Pipelines throughput of the Company for the quarter ended 30th June 2018 was 22.852 MMT as compared to 21.351 MMT in the corresponding quarter of the last year (Growth of 7.0%).
Domestic sales for the quarter ended 30th June 2018 has increased to 21.618 MMT as against 20.736 MMT in the corresponding quarter of the financial year 2017-18, registering a growth of 4.3%.
The Gross Refining Margin (GRM) of the Company for the quarter ended 30th June 2018 was $10.21/bbl as compared to $ 4.32/bbl in the corresponding quarter of the financial year 2017-18. Gross Refining Margin excluding inventory gains/ losses and price lag for the quarter was $ 5.18/bbl as compared to $6.44/bbl during the corresponding quarter of the previous year.
The finance cost for the quarter ended 30th June 2018 was Rs. 1,031 crore as compared to Rs. 739 crore in the corresponding quarter of the financial year 2017-18.

Financial Highlights for April-June 2018 Quarter: Highlights of unaudited financial results as compared to the corresponding quarter of the previous financial year are: Highlights of The Quarter’s Performance (Standalone):

Revenue from Operations increased by 16.8% to Rs.1,49,747 crore
Profit After Tax is Rs. 6,831 crores as against Rs. 4,549 crores in Q1 17-18
Earnings Per Share for the period April-June’18 is Rs. 7.21
Refinery Throughput increased by 0.8% to 17.666 MMT
Pipelines Throughput increased by 7.0% to 22.852 MMT
Domestic Sales increased by 4.3% to 21.618 MMT and Total Sales increased by 1.6% to 22.866 MMT
Gross Refining Margin (GRM) for Q1 18-19 is $10.21/bbl as compared to $ 4.32/bbl in Q1 17-18. GRM excluding inventory gain/loss and price lag for Q1 18-19 is $ 5.18/bbl as compared to $ 6.44/bbl in Q1 17-18
IndianOil’s borrowings as on 30.06.2018 were Rs. 44,797 crore and the Debt-Equity ratio stands at 0.39:1
CAPEX up to Q1 18-19 is Rs. 5,852 crore against target of Rs. 22,862 crore for FY 18-19
Claims for SKO (PDS) and DBTL (PAHAL) scheme for Q1 18-19 were Rs. 1,136 crore and Rs. 2,529 crore respectively.
Inventory Gains for the period Apr-June’18 were Rs. 7,866 crore.

Highlights of The Quarter’s Performance (Consolidated):

Revenue from Operations of the group for the period Apr-June’18 is Rs. 1,51,814 crore
Profit after Tax for the group is Rs. 7,176 crores
Earnings per Share for the period April-June’18 is Rs. 7.48

Unaudited Financial Results for Q1 (2018-19)
Kalikrishna M
Executive Director (Corporate Communications)
Indian Oil Corporation Limited
Corporate Office
New Delhi

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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.
ndianOil 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.

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.
ndianOil 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.