IndianOil posted a net profit of Rs. 19,106 crores for 2016-17 as compared to Rs. 11,242 crores in the last fiscal. The income from operations for the year was Rs. 4,45,373 crores as compared to Rs. 4,06,828 crores in 2015-16.
IndianOil’s income from operations was Rs. 1,22,285 crores in Q4 FY 2016-17 as compared to Rs. 98,719 crores in the corresponding quarter of 2015-16. Profit for the last quarter of 2016-17 is Rs. 3,721 crores (Rs. 2,006 crores).
The Board of Directors recommended a final dividend of 10 per cent (Re. 1 per share). This is in addition to the interim dividend of 180 per cent (Rs. 18 per share) paid during the year.
IndianOil Corporation Chairman, Mr. B. Ashok said: “IndianOil sold 83.490 million tonnes of products, including exports, during 2016-17. Our refining throughput for FY 2016-17 was 65.191 million tonnes and the throughput of the Corporation’s countrywide pipelines network was 82.490 million tonnes during the same period. The gross refining margin (GRM) during 2016-17 was $7.77 per bbl as compared to $5.06 per bbl in 2015-16.”
For the last quarter of 2016-17, IndianOil’s product sales volume, including exports, was 21.100 million tonnes. The refining throughput was 17.087 million tonnes in Q4 FY16-17 and the throughput of the Corporation’s countrywide pipelines network was 19.843 million tonnes during the same period. The gross refining margin (GRM) for the last quarter of 2016-17 was $8.95 per bbl as compared to $2.99 per bbl in the corresponding quarter of 2015-16.