Turnover from the activities grew by 1% to RS 218,608 Crore in the three months ending in June.
“Improvement of net profit is mainly due to higher refining and marketing margins that are deposited by storage losses to a certain extent,” said the refinery and retailer of the state.
Indian oil ran a stock loss of RS 6.465 Crore during the quarter compared to a stock profit of RS 3.345 Crore a year earlier, said Sahney, chairman, who refers to the strong impact of inventory in the quarterly wins.
The gross refining margin of the company (GRM) for the quarter was $ 2.15 per barrel compared by $ 6.39 per barrel in the period of the year. (Check this again) After removing the effect of storage loss and profit, the margin $ 6.91 would be compared to $ 2.84 a year earlier.
Indian oil and other domestic fuel shops such as BPCL and HPCL have enjoyed strong marketing margins on the retail trade of gasoline and diesel, because they have continued to pump the pump prices, keep frozen despite a decrease in international fuel rates. Indian oil had an under-repair of RS 3,858 Crore in the sale of cooking gas in the quarter compared to RS 4,294 Crore a year earlier. The government has decided to compensate oil marketing companies for the amount of RS 30,000 crore for LPG under repair, but the modalities still have to be worked out. Indian Oil reported the highest quarterly sales volume of 26.32 million tons (MMT) in April-June in April-June in April-June. The domestic sales volume of the company increased by 4.2% of the industry by 3.9% in the industry. The sales volume of the institutional diesel increased by 40.3% compared to 14.8% in the industry. The average capacity use at the refineries was 107% during the quarter. Differences in Indian oil, with a value of approximately RS 198,000 Crore, finished 1.58% lower on RS 140.15 each on Thursday when the BANCK BSE SENSEX closed almost unchanged.
#win #Indian #Oil #doubles #Crore