News Release Details

IndianOil Financial Performance Q1 2019-20 (Standalone)
New Delhi 31-Jul-2019

The Revenue from Operations of Indian Oil Corporation (IndianOil) is Rs. 1,50,135 crore in Q1 19-20 as compared to Rs. 1,49,747 crore in the corresponding quarter of FY 18-19. Profit for the first quarter of FY 19-20 is Rs. 3,596 crore as compared to Rs. 6,831 crore in the corresponding quarter of FY 18-19. The variation is majorly on account of lower inventory gain during the quarter.

IndianOil Chairman, Mr. Sanjiv Singh, said, "IndianOil sold 22.658 million tonnes of products, including exports, during the first quarter of financial year 2019-20. Our refining throughput for Q1 19-20 was 17.283 million tonnes and the throughput of the Corporation's countrywide pipelines network was 21.851 million tonnes during the year. The gross refining margin (GRM) during the first quarter of FY 19-20 was US$ 4.69 per bbl as compared to US$ 10.21 per bbl in the corresponding quarter of the previous financial year."

Financial Highlights of IndianOil for Q1 2019-20

IndianOil today reported its standalone and consolidated financial performance for the quarter ended 30^th June, 2019. The highlights of the unaudited financial results as compared to the corresponding quarter of the previous financial year are:

HIGHLIGHTS OF THE QUARTER'S PERFORMANCE (STANDALONE):

Revenue from Operation increased by 0.3% to Rs. 1,50,135 crore
Profit after Tax is Rs. 3,596 crores as against Rs. 6,831 crore in Q1 18-19
Earnings per Share for the period April-June'19 is Rs. 3.92
Gross Refining Margins (GRM) for Q1 19-20 is $4.69/bbl as compared to $10.21/bbl in Q1 18-19. GRM excluding inventory gain/loss and price lag for Q1 19-20 is $2.27/bbl as compared to $5.18/bbl in Q1 18-19
Inventory Gain (Net) for the period Apr-June'19 is Rs. 2,362 crore against Rs. 7,065 crore in Apr-Jun'18
Refineries Throughput is 17.283 MMT
Pipelines Throughput is 21.851 MMT
Domestic Sales is 21.549 MMT and Total Sales is 22.658 MMT
Borrowings of IndianOil as on 30.06.2019 is Rs. 72,227 and the Debt-equity ratio stands at 0.64:1
Claims for SKO (PDS) and DBTL (PaHaL) scheme for Q1 19-20 were Rs. 656 crore and Rs. 3,997 crore respectively

HIGHLIGHTS OF THE QUARTER'S PERFORMANCE (CONSOLIDATED):

Revenue from Operations of the group for the period Apr-June'19 is Rs. 1,52,496 crore
Profit after Tax for the group is Rs. 3,738 crore
Earnings per Share for the period April-June'19 is Rs.4.07

Unaudited Financial Results for Q1(2019-20)

Kalikrishna M
Executive Director
(Corporate Communications)
IndianOil Corporate Office, New Delhi

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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.
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.
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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.