IndianOil reported Revenue from Operations of Rs 3,24,827 crores for the period April – September 2021 as compared to Rs 2,04,693 crores in corresponding period of Financial Year 2020-21.
The Net Profit for the six months ended September 30 is higher at Rs 12,301 crores as compared to Rs 8,138 crores during the corresponding period mainly on account of higher inventory gain and higher refining margins during current period.
The Revenue from Operations of IndianOil is Rs 1,69,771 crores in Q2 2021-22 as compared to Rs 1,15,754 crores in the corresponding quarter of FY 2020-21.
The Net Profit for the second quarter of FY 2021-22 is Rs 6,360 crores as compared to Rs 6,227 crores in the corresponding quarter of FY 2020-21 which is due to higher refining 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 Rs 5 per equity share. (face value: Rs 10/- per equity share).
IndianOil Chairman, 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 FY 2021-22 was 31.996 million tonnes and the throughput of the Corporation’s countrywide pipelines network was 39.408 million tonnes during the period. The gross refining margin (GRM) during the period April – September 2021 was US$ 6.57 per bbl as compared to US$ 3.46 per bbl in corresponding period of previous financial year.
For the second quarter of FY 2021-22, IndianOil’s product sales volumes, including exports, was 20.181 million tonnes. The refining throughput was 15.277 million tonnes and the throughput of the Corporation’s countrywide pipelines network was 19.533 million tonnes during the quarter.”