IndianOil reported Revenue from Operations of ₹6,05,924 crores for the Financial Year 18-19 as compared to ₹5,06,428 crores in corresponding Financial Year 17-18. The Net Profit for the financial year ended 31st March 2019 is lower at ₹16,894 crores as compared to ₹21,346 crores during the corresponding year mainly on account of exchange losses and lower inventory gain during current year.
Chairman and Functional Directors of IndianOil during the Press Conference
The reported Revenue from Operations of IndianOil is ₹1,44,472 crores in Q4 18-19 as compared to ₹1,36,716 crores in the corresponding quarter of FY 17-18. Profit for the fourth quarter of FY 18-19 is ₹6,099 crores as compared to ₹5,218 crores in the corresponding quarter of FY 17-18. The variation is majorly on account of exchange gain during the quarter.
Chairman IndianOil, Mr. Sanjiv Singh addressing the media during
the annual press conference
IndianOil Chairman, Mr. Sanjiv Singh, said, “IndianOil sold 89.894 million tonnes of products, including exports, during the financial year 2018-19. Our refining throughput for FY 18-19 was 71.816 million tonnes and the throughput of the Corporation’s countrywide pipelines network was 88.527 million tonnes during the year. The gross refining margin (GRM) during the year 18-19 was US$ 5.41 per bbl as compared to US$ 8.49 per bbl in corresponding financial year.”
Chairman IndianOil sharing IndianOil's performance for FY 2018-19 with the media
For the fourth quarter of FY 18-19, IndianOil's product sales volumes, including exports, was 22.638 million tonnes. The refining throughput was 17.351 million tonnes in Q4 18-19 and the throughput of the Corporation’s countrywide pipelines network was 21.227 million tonnes during the same period.