Mr. B.Ashok , Chairman, IndianOil along with the Board of Directors on the dais
IndianOil posted a net profit of Rs.15,386 crore for the nine months ended 31st December 2016 as compared to net profit of Rs.9,236 crore during the corresponding period of the previous year. The income from operations for the first nine months of FY 2016-17 was Rs.3,23,120 crore as compared to Rs.3,08,112 crore in corresponding period of FY 2015-16.
IndianOil’s income from operations was Rs.1,15,645 crore in Q3 16-17 as compared to Rs.97,069 crore in the corresponding quarter of 2015-16. Profit for the third quarter of 2016-17 is at Rs.3,995 crore as compared to Rs.3,096 crore in the corresponding quarter of 2015-16.
The Board of Directors declared an interim dividend of 135% (Rs.13.50 per share).
IndianOil Chairman, Mr. B Ashok, said, “IndianOil sold 62.390 million tonnes of products, including exports, during the first nine months of 2016-17. Our refining throughput for 9M 2016-17 was 48.104 million tonnes and the throughput of the Corporation’s countrywide pipelines network was 62.647 million tonnes during the same period. The gross refining margin (GRM) during the period Apr-Dec'16 was US$ 7.36 per bbl as compared to US$ 5.83 per bbl in corresponding period of FY 2015-16.”
For the third quarter of 2016-17, IndianOil's product sales volumes, including exports, was 21.314 million tonnes. The refining throughput was 16.370 million tonnes in Q3 FY 16-17 and the throughput of the Corporation’s countrywide pipelines network was 20.236 million tonnes during the same period. The gross refining margin (GRM) for the third quarter of 2016-17 was US$ 7.67 per bbl as compared to US$ 5.96 per bbl in the corresponding quarter of 2015-16.
To view Unaudited Financial Results for Q3 (2016-17), please click here