New Delhi: IndianOil reported Revenue from Operations of ₹3,24,827crores for the period April – September 2021 as compared to ₹2,04,693crores in corresponding period of Financial Year 2020-21.The Net Profit for the six months ended 30thSeptember 2021 is higher at ₹12,301crores as compared to ₹8,138crores during the corresponding period mainly on account of higherinventory gain and higher refining marginsduring current period.
The Revenue from Operations of IndianOil is ₹1,69,771crores in Q22021-22 as compared to ₹1,15,754crores in the corresponding quarter of FY 2020-21. The Net Profit for the secondquarter of FY 2021-22 is ₹6,360crores as compared to ₹6,227 crores in the corresponding quarter of FY 2020-21 which is due tohigherrefining margin during current quarter.
The Board of Directors of the Corporation in its meeting held on 30th October, 2021 has declared an interim dividend of ₹5 per equity share. (face value: ₹10/- per equity share).
IndianOil Chairman, Mr S M Vaidya, said, “IndianOil sold 40.506 million tonnes of products, including exports, during the period April – September 2021. Our refining throughput for first six months of FY2021-22 was 31.996 million tonnes and the throughput of the Corporation’s countrywide pipelines network was 39.408million tonnes during the period. The gross refining margin (GRM) during the periodApril – September 2021was US$ 6.57 per bbl as compared to US$ 3.46 per bbl in corresponding period of previous financial year.
For the secondquarter of FY 2021-22, IndianOil’s product sales volumes, including exports, was 20.181million tonnes. The refining throughput was 15.277million tonnes and the throughput of the Corporation’s countrywide pipelines network was 19.533million tonnes during the quarter.”
IndianOil Financial Performance for April – September 2021
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