IndianOil’s income from operations for the quarter ended 30th June 2017 rises by 19.6% at Rs. 1,28,191 crores as compared to Rs. 1,07,197 crores in the corresponding quarter of 2016-17. Net profit for the current quarter was Rs. 4,549 crores as compared to Rs. 8,269 crores in the corresponding quarter of 2016-17 which was mainly due to inventory losses incurred during the current quarter.
IndianOil Chairman, Mr. Sanjiv Singh, said: “IndianOil sold 22.508 million tonnes of products, including exports, during Q1 2017-18. Our refining throughput for Q1 2017-18 was 17.521 million tonnes and the throughput of the Corporation’s countrywide pipelines network was 21.351 million tonnes during the same period. The gross refining margin (GRM) during Q1 2017-18 was US$4.32 per bbl as compared to US$9.98 per bbl in Q1 2016-17.”