Indian Oil Corporation standalone net profit declines 80.34% in the March 2016 quarter

Sales decline 14.41% to Rs 80018.91 crore

Net profit of Indian Oil Corporation declined 80.34% to Rs 1235.64 crore in the quarter ended March 2016 as against Rs 6285.35 crore during the previous quarter ended March 2015. Sales declined 14.41% to Rs 80018.91 crore in the quarter ended March 2016 as against Rs 93491.55 crore during the previous quarter ended March 2015.

For the full year,net profit rose 97.21% to Rs 10399.03 crore in the year ended March 2016 as against Rs 5273.03 crore during the previous year ended March 2015. Sales declined 19.95% to Rs 349321.41 crore in the year ended March 2016 as against Rs 436390.02 crore during the previous year ended March 2015.

ParticularsQuarter EndedYear EndedMar. 2016Mar. 2015% Var.Mar. 2016Mar. 2015% Var.Sales80018.9193491.55 -14 349321.41436390.02 -20 OPM %5.059.93 -5.752.32 - PBDT3633.539690.20 -63 19328.0410855.86 78 PBT2222.098607.65 -74 14475.256327.20 129 NP1235.646285.35 -80 10399.035273.03 97

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