{"id":150320,"date":"2023-07-28T06:27:16","date_gmt":"2023-07-28T10:27:16","guid":{"rendered":"https:\/\/44.250.171.167\/?p=150320"},"modified":"2023-07-28T06:27:18","modified_gmt":"2023-07-28T10:27:18","slug":"indian-oil-corporation-ltd-q1fy24-1569-rise-in-profits","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/indian-oil-corporation-ltd-q1fy24-1569-rise-in-profits\/","title":{"rendered":"Indian Oil Corporation Ltd Q1FY24; 1569% rise in Profits"},"content":{"rendered":"<p>Indian Oil Corporation Ltd is a Maharatna Company controlled by GOI that has business interests straddling the entire hydrocarbon value chain &#8211; from Refining, Pipeline transportation and marketing of Petroleum products to R&amp;D, Exploration &amp; production, marketing of natural gas and petrochemicals. It has the leadership position in the Oil refining &amp; petroleum marketing sector of India.<\/p>\n<p><strong>Financial Results:<\/strong><\/p>\n<ul>\n<li>Indian Oil Corporation Ltd reported Revenues for Q1FY24 of \u20b91,98,551.00 Crores down from \u20b92,23,411.00 Crore year on year, a fall of 11.13%.<\/li>\n<li>Total Expenses for Q1FY24 of \u20b91,80,053.00 Crores down from \u20b92,23,062.00 Crores year on year, a fall of 19.28%.<\/li>\n<li>Consolidated Net Profit of \u20b914,735.00 Crores up 1568.74% from \u20b9883.00 Crores in the same quarter of the previous year.<\/li>\n<li>The Earnings per Share is \u20b910.22, from -\u20b90.20 in the same quarter of the previous year.<\/li>\n<\/ul>\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"839\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-345-839x1024.png\" alt=\"\" class=\"wp-image-150321\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-345-839x1024.png 839w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-345-246x300.png 246w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-345-768x937.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-345-1259x1536.png 1259w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-345.png 1489w\" sizes=\"auto, (max-width: 839px) 100vw, 839px\" \/><\/figure>\n\n\n<p>*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. <br \/>*The presented data is automatically generated. It may occasionally generate incorrect information.<\/p>","protected":false},"excerpt":{"rendered":"<p>Indian Oil Corporation Ltd is a Maharatna Company controlled by GOI that has business interests straddling the entire hydrocarbon value chain &#8211; from Refining, Pipeline transportation and marketing of Petroleum products to R&amp;D, Exploration &amp; production, marketing of natural gas and petrochemicals. It has the leadership position in the Oil refining &amp; petroleum marketing sector [&hellip;]<\/p>\n","protected":false},"author":1917,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,392],"tags":[9172],"class_list":["post-150320","post","type-post","status-publish","format-standard","hentry","category-infographics","category-earnings","tag-oil"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":150025,"url":"https:\/\/alphastreet.com\/india\/bharat-petroleum-corporation-ltd-q1fy24-7-fall-in-revenue\/","url_meta":{"origin":150320,"position":0},"title":"Bharat Petroleum Corporation Ltd Q1FY24; 7% fall in Revenue.","author":"Divyansh_Kasana","date":"July 26, 2023","format":false,"excerpt":"Bharat Petroleum Corporation is a public sector company which is engaged in the business of refining of crude oil and marketing of petroleum products. 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