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Indian Oil Corporation Ltd Q4FY24; 49% fall 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 Q4FY24 of ₹1,98,650.00 Crores down from ₹2,03,872.00 Crore year on year, a fall of 2.56%.

Total Expenses for Q4FY24 of ₹1,92,920.00 Crores up from ₹1,91,481.00 Crores year on year, a rise of 0.75%.

Consolidated Net Profit of ₹5,488.00 Crores down 49.38% from ₹10,841.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹3.65, down 49.93% from ₹7.29 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 & Gas
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