IndianOil Financial Performance 6 Months (2018-19)

Sarkaritel
By Sarkaritel November 2, 2018 19:16


Mr. Sanjiv Singh, Chairman, IndianOil, shares the Corporation’s Q2 2018-19 financial results at a press conference held in New Delhi today in the presence of Board Members

New Delhi, November 02, 2018 – IndianOil reported revenue from operations of Rs.3,01,313 crores for the first half of FY 18-19 as compared to Rs. 2,38,836 crores in corresponding period of FY 17-18.The net profit for the half year ended 30th September 2018 is Rs. 10,078 crores as compared to Rs. 8,245 crores during the corresponding period of the previous year mainly on account of inventory gains partly offset by exchange losses.

The reported revenue from operations of IndianOil is Rs. 1,51,567 crores in Q2 18-19 as compared to Rs. 1,10,653 crores in the corresponding quarter of FY 17-18. Profit for the second quarter of FY 18-19 is at Rs. 3,247 crores as compared to profit of Rs. 3,696 crores in the corresponding quarter of FY 17-18.

IndianOil Chairman, Mr. Sanjiv Singh, said, “IndianOil sold 44.462 million tonnes of products, including exports, during the first six months of 2018-19. Our refining throughput for H1 18-19 was 35.483 million tonnes and the throughput of the Corporation’s countrywide pipelines network was 44.217 million tonnes during the same period. The gross refining margin (GRM) during the period Apr-Sept’18 was US$ 8.45 per bbl as compared to US$ 6.08 per bbl in corresponding period of FY 17-18.”

For the second quarter of FY 18-19, IndianOil’s product sales volumes, including exports, was 21.596 million tonnes. The refining throughput was 17.817 million tonnes in Q2 FY 18-19 and the throughput of the Corporation’s countrywide pipelines network was 21.365 million tonnes during the same period. The gross refining margin (GRM) for the second quarter of FY 18-19 was US$ 6.79per bbl as compared to US$ 7.98 per bbl in the corresponding quarter of FY 17-18.

Sarkaritel
By Sarkaritel November 2, 2018 19:16