Moneycontrol PRO
Check Credit Score
Check Credit Score
HomeNewsBusinessMarkets

IOC Q1 net profit dips 41% QoQ at Rs 3,596 crore, GRM tanks

EBITDA margin of the company was at 5.5 percent versus 7.5 percent.

July 31, 2019 / 03:11 PM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Indian Oil Corporation (IOC) posted 41 percent fall in its June quarter standalone net profit at Rs 3,596.11 against Rs 6,099.3 crore in the quarter ended March 2019.

Revenue of the company was up 3.9 percent at Rs 1.50 lakh crore against Rs 1.45 lakh crore.

Earnings before interest, tax, depreciation and amortization (EBITDA) was down 23.2 percent at Rs 8,349.8 crore against Rs 10,875.8 crore.

EBITDA margin of the company was at 5.5 percent versus 7.5 percent.

The average gross refining margin (GRM) for April-June was at $4.69 barrel against $10.21 per barrel in April-June 2018.

At 1450 hours, Indian Oil Corporation was quoting at Rs 138.80, up Rs 5.25, or 3.93 percent on the BSE.

Moneycontrol News
Tags: #Results
first published: Jul 31, 2019 03:11 pm

Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347