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 Q2FY24 of ₹1,79,246.00 Crores down from ₹2,08,757.00 Crore year on year, a fall of 14.14%.
- Total Expenses for Q2FY24 of ₹1,61,662.00 Crores down from ₹2,10,314.00 Crores year on year, a fall of 23.13%.
- Consolidated Net Profit of ₹13,713.00 Crores from -₹910.00 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹9.29, from -₹0.70 in the same quarter of the previous year.