IndianOil Financial Performance for April – September 2021

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.”