Governance Now Masterminds

Indian Oil posts net profit of Rs 15,386 cr till Dec 2016

The PSU saw a net profit of Rs 9,236 crore during the corresponding period of the previous year

GN Bureau | February 2, 2017


#PSU   #Indian Oil   #profit  
The income from operations for the first nine months of 2016-17 fiscal of Indian Oil was Rs 3,23,120 crore as compared to Rs 3,08,112 crore in corresponding period of 2015-16 fiscal.
 
Indian Oil’s income from operations was Rs 1,15,645 crore in the third quarter of 2016-17 as compared to Rs 97,069 crore in the corresponding quarter of previous fiscal. 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 percent (Rs 13.50 per share).
 
Indian Oil chairman, B Ashok, said, “Indian Oil sold 62.390 million tonnes of products, including exports, during the first nine months of 2016-17. Our refining throughput for nine months of 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”.
 

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