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Indian Oil Corporation reports 53% rise in Q4 consolidated net profit

16 May 2023 Evaluate

Indian Oil Corporation has reported results for fourth quarter (Q4) and year ended March 31, 2023.

The company has reported 67.04% rise in its net profit at Rs 10,058.69 crore for the quarter under review as compared to Rs 6,021.88 crore for the same quarter in the previous year. Total income of the company increased by 9.99% at Rs 228130.16 crore for Q4FY23 as compared to Rs 207,412.59 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 52.93% rise in its net profit at Rs  10,841.23 crore for fourth quarter ended March 31, 2023 as compared to Rs 7,089.18 crore for the same quarter in the previous year. Total income of the company increased by 10.64% at Rs 231,926.82 crore for Q4FY23 as compared to Rs 209,629.86 crore for the corresponding quarter previous year.

For the year ended March 31, 2023, the company has reported 65.92% fall in its net profit at Rs 8,241.82 crore as compared to Rs 24,184.10 crore for the previous year. However, total income of the company increased by 28.44% at Rs 941,187.88 crore for year under review as compared to Rs 732,784.20 crore for year ended March 31, 2022.

For the year ended March 31, 2023, on the consolidated basis, the company has reported 54.51% fall in its net profit at Rs 11,704.26 crore as compared to Rs 25,726.60 crore for the previous year. However, total income of the company increased by 29.17% at Rs 955,608.86 crore for year under review as compared to Rs 739,813.06 crore for year ended March 31, 2022.

Indian Oil Corp. Share Price

143.40 -2.10 (-1.44%)
24-Apr-2026 16:59 View Price Chart
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