Indian Oil reported revenue from operations of Rs 7,08,461 crores in Apr-Dec 2022 period as compared to Rs 5,21,988 crores in corresponding period of 2021 registering an increase of 35.72 percent. The company recorded its net loss of Rs 1,817 crores for the nine months that ended on December 31, 2022 as compared to net profit of Rs 18,162 crores during the corresponding period mainly on account of lower marketing margin and higher exchange losses during current period. Overall, the company registered a 89.9 percent decrease in its net profit in Q3FY23.
The revenue from operations of Indian Oil is Rs 2,28,168 crores in Q3 2022-23 as compared to Rs 1,97,168 crores in the corresponding quarter of last year. The net profit for the third quarter of FY 2022-23 is Rs 448 crores as compared to Rs 5,861 crores in the corresponding quarter of last year.
Indian Oil Chairman, S M Vaidya, said, “Indian Oil sold 71.382 million tonnes of products during the period April-December 2022.
“For the third quarter of FY 2022-23, Indian Oil’s product sales volumes, including exports, was 24.305 million tonnes.
