Indian Oil Corporation reports above 2-fold jump in Q1 consolidated net profit

02 Aug 2021 Evaluate

Indian Oil Corporation has reported results for first quarter ended June 30, 2021.

The company has reported 3-fold jump in its net profit at Rs 5941.37 crore for the quarter under review as compared to net profit of Rs 1910.84 crore for the same quarter in the previous year. Total income of the company increased by 73.73% at Rs 1,55,619.83 crore for Q1FY22 as compared Rs 89,577.78 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported above 2-fold jump in its net profit attributed to the equityholder at Rs 6,109.69 crore for the quarter under review as compared to net profit of Rs 2,226.80 crore for the same quarter in the previous year. Total income of the company increased by 72.98% at Rs 157,018.41 crore for Q1FY22 as compared Rs 90,775.15 crore for the corresponding quarter previous year.

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