New Delhi: indian oil employer (IOC) on monday announced a net income of Rs 2,873.fifty three crore for the October-December quarter of the contemporary economic 12 months, which represents a sharp recuperation from the mere Rs 180 crore internet profit recorded with the aid of the company in the previous quarter.
The bounce in organisation's revenues at some point of the 0.33 zone had been pushed via better income volumes. The oil advertising agency's domestic sales grew 13 in keeping with cent yr on year to 24.78 million metric tonnes within the 1/3 area, while exports jumped up 31 in step with cent to 1.345 million metric tonnes.
however, yr-on year, the net earnings of the agency for the third region meditated a decline of almost sixty four in step with cent -- from the Rs 8,063.39 crore net income mentioned in the corresponding quarter of preceding monetary yr.
Indian oil enterprise's average gross refining margin (GRM) for the duration between april and december stood at $three.69 in line with barrel, losing sharply from the corresponding figure of $thirteen.26 consistent with barrel said within the identical region of the previous financial 12 months.
The companys revenue from operations fell nearly three consistent with cent 12 months-on-12 months to Rs 2.17 lakh crore in Q3 FY25. The sales from operations stood at Rs 2.23 lakh crore in Q3 of FY24. Its general fees meanwhile rose marginally to Rs 2.16 lakh crore. earnings consistent with proportion (EPS) stood at Rs 2.09 all through the area, in line with its financials.
The companys net earnings had slumped at some stage in the second one area due to stock losses and lower refining margins throughout modern area. indian Oils sales from operations changed into Rs four,11,138 crores for the AprilSeptember 2024, in comparison to Rs 4,23,457 crores in corresponding period of preceding monetary 12 months.
IndianOil offered forty eight.213 million tonnes of products, which include exports, for the duration of the AprilSeptember 2024 length. Our refining throughput turned into 34.906 million tonnes and the throughput of the agencies countrywide pipelines community turned into 48.213 million tonnes during the length, it stated.