Indian Oil Corporation rose 4.43% to Rs 386.30 at 15:01 IST on BSE after net profit fell 44.99% to Rs 4548.51 crore on 20.20% rise in total income to Rs 129418.11 crore in Q1 June 2107 over Q1 June 2016.
The result was announced during trading hours today, 3 August 2017.Meanwhile, the S&P BSE Sensex was down 240.98 points, or 0.74% to 32,235.76.
On the BSE, 14.81 lakh shares were traded in the counter so far, compared with average daily volumes of 3.64 lakh shares in the past one quarter. The stock had hit a high of Rs 394.55 and a low of Rs 370.65 so far during the day. The stock hit a record high of Rs 450.65 on 16 May 2017. The stock hit a 52-week low of Rs 265.95 on 11 August 2016.
The stock had underperformed the market over the past one month till 2 August 2017, falling 3.21% compared with 4.06% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 15.17% as against Sensex's 7.80% rise. The scrip had outperformed the market in past one year, rising 34.05% as against Sensex's 17.26% rise.
The large-cap company has equity capital of Rs 4855.90 crore. Face value per share is Rs 10.
Indian Oil Corporation (IOCL) reported average gross refining margin at $4.32 per bbl in Q1 June 2017 compared with $9.98 per bbl in Q1 June 2016.
The company said it accounted for budgetary support of Rs 876.38 crore in Q1 June 2017 compared with 1331.69 crore in Q1 June 2016 as revenue grants and included in sales/income from operations and no under-realization is suffered by the company on this account.
Indian Oil Corporation is India's flagship national oil company, with business interests that straddle the entire hydrocarbon value chain - from refining, pipeline transportation and marketing of petroleum products to exploration & production of crude oil & gas as well as marketing of natural gas and petrochemicals.
The Government of India held 57.34% stake in IOCL (as per the shareholding pattern as on 30 June 2017).
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
