Indian Oil net surges 780 percent
July 30th, 2009 - 4:28 pm ICT by IANS ( Leave a comment )Indo-Asian News Service
New Delhi, July 30 (IANS) India’s largest refiner Indian Oil Corp Thursday said its net profit for the quarter ended June 30 surged 780 percent as lower crude oil prices narrowed its revenue losses. The company reported a net profit of Rs.3,680 crore ($763 million) for the quarter compared to Rs.410 crore in the like period the year before.
The total income for the same period stood at Rs.60,680 crore, down from Rs.89,140 crore a year earlier.
This year’s first quarter figures also include the numbers for Bongaigaon Refinery and Petrochemicals Ltd (BRPL), which was merged with India Oil March 25, 2009.
The gross refining margin has seen a decline from $16.81 per barrel to $7.36 per barrel during the first quarter.
Indian Oil got discounts worth Rs.229 crore from upstream companies for the April-June quarter as compared to Rs.6,230 crore a year ago.
- Reliance Industries net profit rises 28 percent to Rs.5,136 crore - Jan 21, 2011
- MRPL posts six-fold increase in profit - Jul 26, 2011
- GAIL's second quarter net up 18.50 percent - Oct 24, 2011
- ONGC reports 26 percent drop in Q4 profit - May 30, 2011
- Reliance Industries net profit up 14 percent - Apr 21, 2011
- HPCL posts Rs.2,089.61 crore profit - Nov 12, 2010
- Reliance Industries net profit rises 15.8 percent - Oct 15, 2011
- Reliance Industries net profit up 14.48 percent (Lead) - Jan 22, 2010
- RIL profit falls 13.55 percent, to buy back shares - Jan 20, 2012
- ONGC fourth quarter net up 71 percent - May 28, 2010
- ONGC quarterly net profit rises 11.85 percent - Jul 28, 2011
- Exide industries net profit up 35 percent in Q1 - Jul 13, 2010
- Indian Oil registers Rs.3,388 crore loss - Jul 24, 2010
- Mangalore Refinery net at Rs.259 cr in third quarter - Jan 19, 2010
- Bata India posts Rs.25.90 crore net profit in Q2 - Jul 29, 2010
Tags: asian news, brpl, crude oil prices, decline, first quarter, india oil, indian oil, indo, march 25, net profit, New Delhi, news service, petrochemicals, quarter ended june, quarter figures, refiner, refinery, revenue losses, rs 6
