Indian Oil Corporation consolidated net profit declines 49.96% in the March 2024 quarter

Sales decline 2.56% to Rs 198649.76 crore

Net profit of Indian Oil Corporation declined 49.96% to Rs 5148.87 crore in the quarter ended March 2024 as against Rs 10289.82 crore during the previous quarter ended March 2023. Sales declined 2.56% to Rs 198649.76 crore in the quarter ended March 2024 as against Rs 203872.27 crore during the previous quarter ended March 2023.

For the full year,net profit rose 326.16% to Rs 41729.69 crore in the year ended March 2024 as against Rs 9792.12 crore during the previous year ended March 2023. Sales declined 7.77% to Rs 776351.85 crore in the year ended March 2024 as against Rs 841755.91 crore during the previous year ended March 2023.

ParticularsQuarter EndedYear EndedMar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var.Sales198649.76203872.27 -3 776351.85841755.91 -8 OPM %6.038.68 -9.743.65 - PBDT11513.3917046.76 -32 73153.9028218.74 159 PBT7419.6413758.61 -46 57287.7915037.69 281 NP5148.8710289.82 -50 41729.699792.12 326

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