IndianOil reported Revenue from Operations of Rs. 5,21,999 crores for the period April – December 2021 as compared to Rs. 3,51,157 crores in corresponding period of Financial Year 2020-21. The Net Profit for the nine months ended 31st December 2021 is higher at Rs. 18,162 crores as compared to Rs. 13,055 crores during the corresponding period mainly on account of higher refining margins and higher inventory gain during current period.
The Revenue from Operations of IndianOil is Rs. 1,97,172 crores in Q3 2021-22 as compared to Rs. 1,46,465 crores in the corresponding quarter of FY 2020-21. The Net Profit for the third quarter of FY 2021-22 is Rs. 5,861 crores as compared to Rs. 4,917 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 31st January, 2022 has declared second interim dividend of Rs. 4 per equity share. (face value: Rs. 10/- per equity share). This is in addition to the interim dividend of Rs. 5.00 per equity share paid during the period by the company.
IndianOil Chairman, Mr. S. M. Vaidya, said: “IndianOil sold 63.097 million tonnes of products, including exports, during the period April – December 2021. Our refining throughput for first nine months of FY 2021-22 was 49.400 million tonnes and the throughput of the Corporation’s countrywide pipelines network was 61.187 million tonnes during the period. The gross refining margin (GRM) during the period April – December 2021 was US$ 8.52 per bbl as compared to US$ 2.96 per bbl in corresponding period of previous financial year.
For the third quarter of FY 2021-22, IndianOil’s product sales volumes, including exports, was 22.591 million tonnes. The refining throughput was 17.404 million tonnes and the throughput of the Corporation’s countrywide pipelines network was 21.779 million tonnes during the quarter.”