Indian Oil Q4 net profit falls 49% to Rs 5,488 crore ... - Moneycontrol

Apr 30, 2024  · Indian Oil Corporation Limited (IOCL) on April 30 reported consolidated net profit of Rs 5,487.92 crore for fourth quarter of financial year 2023-24, a decline of 49 percent from the …


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Indian Oil Q4 Net Profit Falls 49% To Rs 5,488 Crore ... - Moneycontrol

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Apr 30, 2024  · Indian Oil Corporation Limited (IOCL) on April 30 reported consolidated net profit of Rs 5,487.92 crore for fourth quarter of financial year 2023-24, a decline of 49 percent from the …

moneycontrol.com

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Indian Oil Q4FY24 Results: Net Profit Falls 49% To Rs 5,148 Crore

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Apr 30, 2024  · Indian Oil Corporation Limited on Tuesday reported a 49.96 per cent year-on-year fall in consolidated net profit at Rs 5,148.87 crore for the quarter that ended on March 31 in …

business-standard.com

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IOCL Net Profit Tanks 49% Y-o-y In FY24 As Margins Shrink

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Apr 30, 2024  · New Delhi. State-run Indian Oil Corporation (IOC) on Tuesday reported a 49 per cent y-o-y fall in its consolidated net profit at ₹5,488 crore in Q4 FY24, largely on account of …

thehindubusinessline.com

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Indian Oil Q4FY24 Results: Net Profit Shrinks 50% To Rs 5,149 Crore

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Apr 30, 2024  · During the fourth quarter of FY24 (January-March 2024), state-run Indian Oil Corporation (IOCL) saw its consolidated net profit fall 49.3 percent to Rs 5,149 crore from Rs …

business-standard.com

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Indian Oil Corporation Ltd Q4FY24; 49% Fall In Profits

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Jul 9, 2024  · Financial Results: Indian Oil Corporation Ltd reported Revenues for Q4FY24 of ₹1,98,650.00 Crores down from ₹2,03,872.00 Crore year on year, a fall of 2.56%. Total …

alphastreet.com

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Indian Oil Q4 Results: Net Profit Drops 40% Sequentially, Misses ...

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Apr 30, 2024  · Indian Oil Q4 Results: State-run Indian Oil Corporation on Tuesday reported a standalone net profit of Rs 4,837.7 crore for the March quarter, down 40 per cent compared …

zeebiz.com

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Indian Oil Q4 Profit Plummets 50% To ₹5,148.87 Cr | Fortune India

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Apr 30, 2024  · Indian Oil Q4 profit plummets 50% to ₹5,148.87 cr ... Public sector major Indian Oil Corporation Limited (IOC) recorded a 49.9% year-on-year (YoY) decline in consolidated net …

fortuneindia.com

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Indian Oil Q4 Net Profit Plunges 49% To Rs 5,488 Crore ... - LinkedIn

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Apr 30, 2024  · Sequentially, the company's net profit witnessed a 40 percent decline, standing at Rs 9,224.85 crore in the December quarter. Despite a marginal decrease, the company's …

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IOC's Q4 Profit Falls 49% Amid Petrochemical Losses, Fuel Price Cuts

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Apr 30, 2024  · New Delhi: With losses in the petrochemical business and shrinking margin after a pre-election fuel price cut, the country’s largest oil retailer, Indian Oil Corporation Ltd (IOC) on …

deccanchronicle.com

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IndianOil Q4 Net Tanks 49% As Stiff Crude Price Shrinks Margin

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State-run Indian Oil Corporation (IOC) on Tuesday reported a 49 per cent y-o-y fall in its consolidated net profit at ₹5,488 crore in the fourth quarter of Q4 FY24, on higher crude price …

thehindubusinessline.com

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Indian Oil Q4 Results: Net Profit Jumps 67% To Rs 10,059 Crore

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May 16, 2023  · Indian Oil has posted a 67% increase in Q4 profit to INR 10,059 crore driven by strong refining and marketing margins. The company reported annual profit of INR 8,242 crore …

indiatimes.com

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IndianOil Q4 Net Tanks 49% As Stiff Crude Price Shrinks Margin

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May 1, 2024  · State-run Indian Oil Corporatio­n (IOC) on Tuesday reported a 49 per cent y-o-y fall in its consolidat­ed net profit at ₹5,488 crore in the fourth quarter of Q4 FY24, on higher crude …

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Indian Oil Posts First Profit Increase In Five Quarters As Crude Prices ...

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May 16, 2023  · The state-owned company's profit rose to 100.59 billion rupees ($1.23 billion) in the January-to-March quarter, from 60.22 billion rupees a year earlier.

reuters.com

FAQs about Indian Oil Q4 net profit falls 49% to Rs 5,488 crore ... - Moneycontrol Coupon?

How did Indian Oil perform in the fourth quarter?

Hindustan Petroleum, another fuel retailer, has reported an 80% year-over-year rise in the Jan-March profit to Rs 3,223 crore. For Indian Oil, the operating profit for petroleum products increased to Rs 11,686 crore in the fourth quarter, up from Rs 8,247 crore a year earlier. ...

Why did Indian Oil's net profit decline 40 percent sequentially?

Indian Oil's net profit declined 40 percent sequentially. Net profit of Indian Oil Corporation Limited (IOCL) declined in the fourth quarter of financial year 2023-24 owing to inventory losses as compared to gains in the previous three months, the company said in a communication to Moneycontrol on May 3. ...

How did India's biggest oil refiner perform in March quarter?

India’s biggest oil refiner on April 30 reported consolidated net profit of Rs 5,488 crore for the March quarter, a decline of 49 percent from the year-ago period. Meanwhile, the company’s net profit declined 40 percent sequentially. ...

Why did Indian Oil's net profit decrease in Q4 vs Q3?

“It is to be noted that decrease in net profit is majorly due to inventory losses in Q4 vs inventory gains in Q3. The normalised GRM of Q4 is almost at the same level as that of Q3 i.e. around $10/bbl,” said Indian Oil. Shares of Indian Oil declined around 5 percent on BSE on the announcement of Q4 results. ...

How did Indian Oil perform in Q4?

The company’s revenue marginally declined to Rs 2.23 lakh crore in Q4, compared Rs 2.30 lakh crore last year. Indian Oil declared dividend of Rs 7 per equity share. In Q4, earnings before interest, tax, depreciation and amortisation (EBITDA) fell 26 percent from the last quarter at Rs 13,660.5 crore, as against Rs 18,491.55 crore in Q3FY24. ...

How did Indian Oil Corporation (IOC) perform in q4fy24?

Public sector major Indian Oil Corporation Limited (IOC) recorded a 49.9% year-on-year (YoY) decline in consolidated net profit to ₹5,148.87 crore for the fourth quarter of the fiscal year 2023-24 (Q4FY24), compared with ₹10,289.82 crore in the same period of the previous year (Q4FY23). ...

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