Indian Oil reports Rs 6,235 crore consolidated net profit in June quarter

Earnings from petroleum products lower than same months of last year

Indian Oil Corporation (IOCL) reported a Rs 6,235.39 crore consolidated net profit for the second quarter of the financial year 2021-22. This is marginally higher than the Rs 6,164.70 crore profit reported by the company in the same period of the previous financial year.

But total income during the period under review reported a significant increase to Rs 1,72,646.31 crores from Rs 1,17,870.77 crores in the quarter ending September 2020.

On a segment-wise basis, IndianOil reported lower gains on petroleum products (largely petrol and diesel) compared to the same period last year. Profit before tax, interest income, finance costs, dividend,