Indian Oil Q1Results FY21-22: reported Revenue from Operations of Rs 1,55,056 crores

New Delhi: Indian Oil Corporation Limited reported Revenue from Operations of Rs 1,55,056 crores for the first quarter of Financial Year 2021-22 as compared to Rs 88,939 crores in the corresponding quarter of Financial Year 2020-21. The Net Profit for the quarter ended 30th June 2021 is higher at Rs 5,941 crores as compared to Rs 1,911 crores during the corresponding quarter of previous financial year mainly on account of inventory gains and better petrochemical margins during the current period.

 

IndianOil Chairman, Mr. S.M. Vaidya, said, "IndianOil sold 20.325 million tonnes of products, including exports, during the first quarter of the financial year 2021-22. Our refining throughput for Q1 2021-22 is 16.719 million tonnes and the throughput of the Corporation’s countrywide pipelines network is 19.875 million tonnes during the same period.

 

The gross refining margin (GRM) during the first quarter of FY 2021-22 is $6.58 per bbl as compared to $(1.98) per bbl in the corresponding quarter of the previous financial year. The core GRM for a current period after offsetting inventory loss/ gain comes to $2.24 per bbl.”

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