इंडियन ऑयल को पहली तिमाही में ₹2,643 करोड़ का मुनाफा: सालाना आधार पर 81% कम हुआ, रेवेन्यू 2.33% गिरकर ₹2.16 लाख करोड़

Indian Oil Corporation (IOC) has made a net profit (standalone net profit) of Rs 2,643 crore in the first quarter of the financial year 2024-25. It has decreased by 80.78% on an annual basis. The company had a profit of Rs 13,750 crore in the same quarter a year ago.

Talking about operational revenue, it stood at Rs 2,15,989 crore in the April-June quarter. There has been a decrease of 2.33% on an annual basis. In the first quarter of the financial year 2023-24, the company had earned Rs 2,21,145 crore. However, the total income stood at Rs 2,16,523 crore.

Standalone means – performance of one unit
Standalone financial statements (results) tell about the financial performance, position and cash flow of an individual company. It does not include the results of its subsidiaries. The results of companies come in two parts – standalone and consolidated.

Indian Oil shares rose 1.67% after the results
After the results, Indian Oil’s stock closed at Rs 183.40 today (Tuesday, 30 July) up 1.67%. The company’s stock has given a return of 9.83% in the last 5 days, 9.39% in one month, 24.17% in the last 6 months and 95.63% in one year. The company’s stock has risen 40.75% this year i.e. from January 1, 2024 till now. The market-cap of the company is Rs 2.58 lakh crore.

Average gross refining margin decreased by $2.84
Indian Oil said that the average gross refining margin (GRM) for the April-June quarter was $6.39 per barrel. It was $8.34 during the same period last year. GRM is the difference between the total value of petroleum products coming out of the oil refinery (output) and the price of raw material (input). Here the raw material is crude oil.

Indian Oil was formed in 1964, this Maharatna company
Indian Oil is a Maharatna national oil company. It was formed in 1964 with the merger of Indian Oil Company Limited and Indian Refineries Limited. Indian Oil Group owns 11 of the 23 refineries in India. Indian Oil also has subsidiaries in Sri Lanka, Mauritius, UAE, Sweden, USA and Netherlands.