Indianoil H1 FY2122 : Turonver at ₹3,24,827 cr with net profits at ₹12,301 cr

ameya sathaye
By ameya sathaye October 30, 2021 17:24

Indianoil H1 FY2122 : Turonver at ₹3,24,827 cr with net profits at ₹12,301 cr

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New Delhi, Oct 30 IndianOil reported Revenue from Operations of ₹3,24,827 crores for the period April – September 2021 as compared to ₹2,04,693 crores in corresponding period of Financial Year 2020-21. The Net Profit for the six months ended 30th September 2021 is higher at ₹12,301 crores as compared to ₹8,138 crores during the corresponding period mainly on account of higher inventory gain and higher refining margins during current period.

The Revenue from Operations of IndianOil is ₹1,69,771 crores in Q2 2021-22 as compared to ₹1,15,754 crores in the corresponding quarter of FY 2020-21. The Net Profit for the second quarter of FY 2021-22 is ₹6,360 crores as compared to ₹6,227 crores in the corresponding quarter of FY 2020-21 which is due to higher refining margin during current quarter.

The Board of Directors of the Corporation in its meeting held on 30th October, 2021 has declared an interim dividend of ₹5 per equity share. (face value: ₹10/- per equity share).

IndianOil Chairman, Mr S M Vaidya, said, “IndianOil sold 40.506 million tonnes of products, including exports, during the period April – September 2021. Our refining throughput for first six months of FY 2021-22 was 31.996 million tonnes and the throughput of the Corporation’s countrywide pipelines network was 39.408 million tonnes during the period. The gross refining margin (GRM) during the period April – September 2021 was US$ 6.57 per bbl as compared to US$ 3.46 per bbl in corresponding period of previous financial year.

For the second quarter of FY 2021-22, IndianOil’s product sales volumes, including exports, was 20.181 million tonnes. The refining throughput was 15.277 million tonnes and the throughput of the Corporation’s countrywide pipelines network was 19.533 million tonnes during the quarter.”

ameya sathaye
By ameya sathaye October 30, 2021 17:24