IOCL Q4 Results: Net Profit stood at Rs 7,265 crore Margin beats estimates high at 7%
As compared to the Rs 2,874 crore it reported for the December quarter, the net profit for the quarter was Rs 7,265 crore.
Largest Oil Refinery Unit, Indian Oil Corporation Ltd has reported March quarter results on Wednesday, April 30, that was unexpected to meet the estimates.
As compared to the Rs 2,874 crore it reported for the December quarter, the net profit for the quarter was Rs 7,265 crore. From Rs 1.94 lakh crore in December to Rs 1.95 lakh crore for the quarter, revenue stayed constant. The EBITDA margin for the quarter was 7%, which was higher than the previous quarter's 3.7% figure.
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The difference between the price of raw materials and the total value of petroleum products that a refinery produces, known as gross refining margins, or GRMs, was $8 per barrel. In the previous quarter, the company reported GRMs of $2.9 per barrel.
Shares of Indian Oil Corporation ended at Rs 137.25, higher by 1.08%.
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