Indian Oil Corporation has reported results for first quarter ended June 30, 2022.
The company has reported net loss at Rs 1992.53 crore for the quarter under review as compared to net profit of Rs 5941.37 crore for the same quarter in the previous year. However, total income of the company increased by 62.33% at Rs 252616.54 crore for Q1FY23 as compared Rs 155619.83 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported fall of 85.62% in its net profit at Rs 882.96 crore for the quarter under review as compared to Rs 6140.63 crore for the same quarter in the previous year. However, total income of the company increased by 63.04% at Rs 256004.60 crore for Q1FY23 as compared Rs 157018.41 crore for the corresponding quarter previous year.
