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IOC reports 50% jump in Q1 net profit

13 Aug 2018 Evaluate

Indian Oil Corporation (IOC) has reported results for first quarter ended June 30, 2018.

The company has reported 50.18% jump in its net profit at Rs 6,831.13 crore for the quarter under review as compared to Rs 4,548.51 crore for the same quarter in the previous year. Total income of the company increased by 16.17% at Rs 1,50,332.21 crore for Q1FY19 as compared Rs 1,29,410.00 crore for the corresponding quarter previous year.

IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.

Peers
Company Name CMP
Reliance Industries 1186.10
Indian Oil Corpn. 130.70
Bharat PetroleumCorp 296.50
HPCL 343.10
MRPL 172.60
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