The reported revenue from Operations of Indian Oil is Rs1,44,472 crore in Q4 18-19 as compared to Rs 1,36,716 crore in the corresponding quarter of FY 17-18. Profit for the fourth quarter of FY 18-19 is Rs 6,099 crore as compared to Rs 5,218 crores in the corresponding quarter of FY 17-18. The variation is majorly on account of exchange gain during the quarter.
Indian Oil Chairman, Mr. Sanjiv Singh, said, IndianOil sold 89.894 million tonnes of products, including exports, during the financial year 2018-19. Our refining throughput for FY 18-19 was 71.816 million tonnes and the throughput of the Corporation's countrywide pipelines network was 88.527 million tonnes during the year. The gross refining margin (GRM) during the year 18-19 was US$ 5.41 per bbl as compared to US$ 8.49 per bbl in corresponding financial year.
For the fourth quarter of FY 18-19, Indian Oil's product sales volumes, including exports, was 22.638 million tonnes The refining throughput was 17.351 million tonne in Q4 18-19 and the throughput of the Corporation's countrywide pipelines network was 21.227 million tonne during the same period.
Standalone Quarterly Results
Indian Oil net sales rose 8% to Rs 126214.07 crore for the quarter ended March 2019 compared to corresponding previous year period. This included subsidy from the government of Rs 576.38 crore down 39% on a y-o-y basis. Excluding compensation from the government net sales of the company rose 8% to Rs 125637.69 crore.
OPM of the company stood at 8.6% compared to 9.3% in the corresponding previous year period. As a result operating profits reported was down 1% to Rs 10875.86 crore.
Other income rose 327% to Rs 1059.45 crore. Interest cost remained flat at Rs 1244.22 crore. Depreciation rose 6% to Rs 2056.7 crore. PBT was up 7% to Rs 8634.39 crore. Tax expense was Rs 2535.12 crore compared to tax expense of Rs 2814.75 crore. PAT rose 17% to Rs 6099.27 crore.
Standalone Year ended results
For year ended March 2019 Indian Oil net sales rose 24% to Rs 527692.69 crore compared to corresponding previous year period. This included subsidy from the government of Rs 4110.18 crore up by 29% on a y-o-y basis. Excluding compensation from the government sales of the company rose 29% to Rs 4110.18 crore.
OPM of the company stood at 6.4% compared to 9.4% in the corresponding previous year period. As a result operating profits reported was down 15% to Rs 33823.73 crore.
Other income fell 8% to Rs 3128.51 crore. Interest cost rose 24% to Rs 4311.03 crore. Depreciation rose 6% to Rs 7514.29 crore. PBT fell 23% to Rs 25126.92 crore. Effective tax rate decreased to 33% from 34%. PAT was down 21% to Rs 16894.15 crore.
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Indian oil: Standalone results
Indian Oil: Segmental results
Indian Oil: Physical Performance
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