New Delhi : IndianOil reported a net profit of Rs 8,269 crore for the quarter ended 30th June, 2016 compared to a profit of Rs6,591 crore in the corresponding quarter of 2015-16. The income from operations for the quarter ended 30th June, 2016 was Rs1,07,201 crore as compared to Rs 1,13,743 crore in corresponding quarter of 2015-16 and despite better physicals, the decrease is purely because of fall in international prices in current period.
The Board of Directors has recommended bonus shares in the ratio of one equity shares of Rs10/- for one existing equity share of Rs10/- each out of accumulated reserves.
IndianOil Chairman, B Ashok, said, “IndianOil sold 21.378 million tonnes of products, including exports, during Q1 2016-17.
Our refining throughput for Q1 2016-17 was 16.099 million tonnes and the throughput of the Corporation’s countrywide pipelines network was 21.437 million tonnes during the same period.
The gross refining margin (GRM) during Q1 2016- 17 was $ 9.98 per bbl compared to $ 10.77 per bbl in Q1 2015-16.”
