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Indian Oil Corporation Ltd Q1FY24; 1569% rise in Profits

Indian Oil Corporation Ltd is a Maharatna Company controlled by GOI that has business interests straddling the entire hydrocarbon value chain – from Refining, Pipeline transportation and marketing of Petroleum products to R&D, Exploration & production, marketing of natural gas and petrochemicals. It has the leadership position in the Oil refining & petroleum marketing sector of India.

Financial Results:

  • Indian Oil Corporation Ltd reported Revenues for Q1FY24 of ₹1,98,551.00 Crores down from ₹2,23,411.00 Crore year on year, a fall of 11.13%.
  • Total Expenses for Q1FY24 of ₹1,80,053.00 Crores down from ₹2,23,062.00 Crores year on year, a fall of 19.28%.
  • Consolidated Net Profit of ₹14,735.00 Crores up 1568.74% from ₹883.00 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹10.22, from -₹0.20 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.
*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: oil
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