IndianOil reported revenue from operations of Rs. 3,69,693 crores for the first nine months of FY 2017-18 as compared to Rs. 3,23,088 crores in the corresponding period of the previous year. The net profit for the nine months ended December 31, 2017 was Rs. 16,128 crores as compared to Rs. 15,386 crores during the corresponding period of the previous year.
Revenue from operations was Rs. 1,30,865 crores in Q3 2017-18 as compared to Rs. 1,15,630 crores in the corresponding quarter of the previous year. Profit for the third quarter was at Rs. 7,883 crores (Rs. 3,995 crores).
IndianOil’s product sales volumes, including exports, for the third quarter of FY 2017-18 was 22.810 million tonnes. The refining throughput was 18.232 million tonnes in Q3 FY 2017-18 and the throughput of the Corporation’s countrywide pipelines network was 22.417 million tonnes during the same period. The gross refining margin (GRM) for the third quarter was $12.32 per bbl as compared to $7.67 per bbl in the corresponding quarter of FY 2016-17.
Mr. Sanjiv Singh, Chairman, said: “IndianOil sold 66.204 million tonnes of products, including exports, during the first nine months of 2017-18. Our refining throughput for the nine months of 2017-18 was 51.849 million tonnes and the throughput of the Corporation’s countrywide pipelines network was 63.113 million tonnes during the same period. The gross refining margin (GRM) during April-December 2017 was $8.28 per bbl as compared to $7.36 per bbl in corresponding period of FY 2016-17.”