Home / Markets / News / Indian Oil slips 3% as June quarter profit declines 47% YoY to Rs 1,911 cr

Indian Oil slips 3% as June quarter profit declines 47% YoY to Rs 1,911 cr

ncome from operations fell to Rs 88,936.54 crore in April-June from Rs 150,136.70 crore a year back

Premium

With a good part of the quarter being spent under lockdown where the vehicular movement was sparse, IOC fuel sales fell 29 per cent to 15.25 million tonnes

SI Reporter New Delhi

2 min read Last Updated : Aug 03 2020 | 10:43 AM IST

Shares of Indian Oil Corporation slipped 3 per cent to Rs 85.8 on the BSE on Monday after the oil marketing company's June quarter standalone profit declined 47 per cent Rs 1,910.84 crore. The profit was Rs 3,596.11 crore in the year-ago quarter.

With a good part of the quarter being spent under lockdown where the vehicular movement was sparse, IOC fuel sales fell 29 per cent to 15.25 million tonnes. Income from operations fell to Rs 88,936.54 crore in April-June from Rs 150,136.70 crore a year back.

"The company's sales during the month of April 2020 were impacted significantly by the

Topics : Buzzing stocks Indian Oil Corporation Markets

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in