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IOC reports 89% fall in Q2 consolidated net profit

31 Oct 2019 Evaluate

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

The company has reported 82.65% fall in its net profit at Rs 563.42 crore for the quarter under review as compared to Rs 3246.93 crore for the same quarter in the previous year. Total income of the company decreased by 12.83% at Rs 133023.74 crore for Q2FY20 as compared Rs 152607.27 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 88.86% in its net profit at Rs 370.44 crore for the quarter under review as compared to Rs 3326.64 crore for the same quarter in the previous year. Total income of the company decreased by 13.15% at Rs 135218.11 crore for Q2FY20 as compared Rs 155687.08 crore for the corresponding quarter previous year.

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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