Profit for the first quarter of FY 2018-19 is Rs. 6,831 crore as compared to Rs. 4,549 crore in the corresponding quarter of the last fiscal
GN Bureau | August 22, 2018
Indian Oil’s revenue from operations stood at Rs 1,49,747 crore in Q1 2018-19 fiscal as compared to Rs. 1,28,183 crore in the corresponding quarter of the previous fiscal.
Profit for the first quarter of FY 2018-19 is Rs. 6,831 crore as compared to Rs. 4,549 crore in the corresponding quarter of the previous fiscal. The variation is majorly on account of higher inventory gains of Rs. 7,866 crore during the current quarter, which is partly compensated by lower refining margins and exchange losses.
The oil PSU has voluntarily adopted quarterly publishing of consolidated financial statement starting from the first quarter of FY 2018-19.
IOCL chairman Sanjiv Singh said, “Indian Oil sold 22.866 MMT of products, including exports, during Q1 2018-19. Our refining throughput for Q1 2018-19 was 17.666 MMT and the throughput of the corporation’s countrywide pipelines network was 22.852 MMT during the same period. The gross refining margin (GRM) for the first quarter of 2018-19 was US$ 10.21 per bbl as compared to US$ 4.32 per bbl in the corresponding quarter of 2017-18.”
India has been registering more new cases of Covid-19 infection than any other country for the past seven days, yet its rigorous push on testing and thus on early identification is bearing fruits, with the case fatality rate (CFR) going further down to 2.1. In a new high, India has scaled th
Recognising the importance of election manifestos, the supreme court directed the election commission (EC) of India to frame guidelines directly governing the contents of the election manifestos in the case of S. Subramaniam Balaji v. State of Tamil Nadu & Ors. reported in (2013) 9 SCC 659. Although th
Advertising veteran Sam Balsara has lamented the lack of support from the government to the industry and said that it has completely ignored the sector. Balsara, the founder, chairman and managing director of Madison World and Madison Communications, said that the government needs to provide
Even as India continues to record more than 50,000 new Covid-19 infections every day for a week now, there was some hope in the rising number of recoveries as well, with a drop in the case fatality rate and a spike in the recovery rate. Thus, the country recorded the highest single day recov
History was created as prime minister Narendra Modi participated in the foundation-stone-laying ceremony for the new Ram Temple in Ayodhya on Wednesday, ending centuries of controversy. Modi performed Bhoomi Pujan at `Shree Ram Janmabhoomi Mandir`, in the presence of a very limited number o
The most joyous moment of a woman’s life is to breastfeed her baby for the first time. Breast milk is the foundation to build a strong bonding between mother and child and must not be missed by any newborn in its nutrition uptake. The World Health Organization (WHO) is encouraging people to “su