Indiaoil report FY2122 Q1 net profits at ₹5,941 crores, Revenue from Operations of ₹1,55,056 crores

ameya sathaye
By ameya sathaye July 30, 2021 15:31

Indiaoil report FY2122 Q1 net profits at ₹5,941 crores, Revenue from Operations of ₹1,55,056 crores


New Delhi, July 30IndianOil reported Revenue from Operations of ₹1,55,056 crores for the first quarter of Financial Year 2021-22 as compared to ₹88,939 crores in corresponding quarter of Financial Year 2020-21. The Net Profit for the quarter ended 30th June 2021 is higher at ₹5,941 crores as compared to ₹1,911 crores during the corresponding quarter of previous financial year mainly on account of inventory gains and better petrochemical margins during current period.

IndianOil Chairman, S.M. Vaidya, said, “IndianOil sold 20.325 million tonnes of products, including exports, during the first quarter of financial year 2021-22. Our refining throughput for Q1 2021-22 is 16.719 million tonnes and the throughput of the Corporation’s countrywide pipelines network is 19.875 million tonnes during the same period. The gross refining margin (GRM) during the first quarter of FY 2021-22 is $6.58 per bbl as compared to $(1.98) per bbl in corresponding quarter of previous financial year. The

core GRM for current period after offsetting inventory loss/ gain comes to $2.24 per bbl.”

ameya sathaye
By ameya sathaye July 30, 2021 15:31