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IOC reports over 2-fold jump in Q3 consolidated net profit

30 Jan 2020 Evaluate

Indian Oil Corporation (IOC) has reported results for third quarter ended December 31, 2019.

The company has reported over 3-fold jump in its net profit at Rs 2,339.02 crore for the quarter under review as compared to Rs 716.82 crore for the same quarter in the previous year. However, total income of the company decreased by 9.46% at Rs 145,389.59 crore for Q3FY20 as compared Rs 160,581.02 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported over 2-fold jump in its net profit attributed to equity holders of the parent at Rs 2,683.87 crore for the quarter under review as compared to Rs 964.75 crore for the same quarter in the previous year. However, total income of the company decreased by 9.92% at Rs 147,431.05 crore for Q3FY20 as compared Rs 163,658.84 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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