IOC reports 50% fall in Q1 consolidated net profit

31 Jul 2019

Indian Oil Corporation (IOC) has reported results for first quarter ended June 30, 2019.

The company has reported 47.36% fall in its net profit at Rs 3596.11 crore for the quarter under review as compared to Rs 6831.13 crore for the same quarter in the previous year. However, total income of the company increased marginally by 0.29% at Rs 150766.57 crore for Q1FY20 as compared Rs 150332.21 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 49.50% in its net profit at Rs 3623.69 crore for the quarter under review as compared to Rs 7175.59 crore for the same quarter in the previous year. However, total income of the company increased marginally by 0.48% at Rs 153109.93 crore for Q1FY20 as compared Rs 152377.02 crore for the corresponding quarter previous year.

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