IndianOil Financial Performance 9M 2020-21 (Standalone)

Sarkaritel
By Sarkaritel January 29, 2021 14:54

IndianOil Financial Performance 9M 2020-21 (Standalone)


New Delhi, January 29, 2021: IndianOil reported Revenue from Operations of ₹3,51,285 crores for the period April – December 2020 as compared to ₹4,27,348 crores in corresponding period of Financial Year 2019-20. The Net Profit for the nine months ended 31st December 2020 is higher at ₹13,055 crores as compared to ₹6,499 crores during the corresponding period mainly on account of higher inventory gain and higher petrochemical margin during current period.

The Revenue from Operations of IndianOil is ₹1,46,599 crores in Q3 2020-21 as compared to ₹1,44,835 crores in the corresponding quarter of FY 2019-20. The Net Profit for the third quarter of FY 2020-21 is ₹4,917 crores as compared to ₹2,339 crores in the corresponding quarter of FY 2019-20 which is due to higher inventory gain and higher petrochemical margin during current quarter.

The Board of Directors of the Corporation in its meeting held on 29th January, 2021 has declared an interim dividend of ₹7.50 per equity share. (face value: ₹10/- per equity share).

IndianOil Chairman, Mr. S. M. Vaidya, said, “IndianOil sold 58.436 million tonnes of products, including exports, during the period April – December 2020. Our refining throughput for first nine months of FY 2020-21 was 44.759 million tonnes and the throughput of the Corporation’s countrywide pipelines network was 54.170 million tonnes during the year. The gross refining margin (GRM) during the period April – December 2020 was US$ 2.96 per bbl as compared to US$ 3.34 per bbl in the corresponding period of previous financial year.

For the third quarter of FY 2020-21, IndianOil’s product sales volumes, including exports, was 23.033 million tonnes. The refining throughput was 17.860 million tonnes and the throughput of the Corporation’s countrywide pipelines network was 21.806 million tonnes during the same period.”

Sarkaritel
By Sarkaritel January 29, 2021 14:54

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