IndianOil reports over 80% growth in Q1 net profit at ₹6,808 cr on higher sales

Yeni Delhi: Indian Oil Corp, which was operated by the state on Thursday. LTD reported that consolidated net profit was an increase of 83%. La6,808.12 CRORE, La3,722.63 Crore compared to the previous year.

Speaking to journalists, Indian Oil President and General Manager Arvinder Singh Sahney emphasized higher sales, including both domestic and export and refinery yield. The company reported the highest three -month sales volume of 26.3 million metric tons. In the same period, the company reported 25.2 million metric tons of sales in the last financial year.

“We have reached the highest three -month sales (in the first quarter). The company largely includes Diesel and Naptha.

A company statement said that the yield of 25-26 FY1 FY1,25 of refineries in the period was examined and that 18,683 million metric tons with a capacity of 107% capacity compared to 18,168 million tons in the first quarter of 24-25.

The first quarter of the ongoing fiscal year of the public sector oil marketing company (26 financial) net total income La2.22 trillion, about 1% higher La2.20 trillion a year ago.

In the midst of convenience in crude oil prices, Indianoil’s total costs are 0.6% La2.15 trillion in April-June quarter, La2.16 trillion in the first quarter of the last financial year (FY25).

“The improvement in net profit, essentially, due to inventory losses in 24-25, due to inventory losses compared to inventory losses in 24-25, due to some higher refining and marketing margins.” He said.

Russian import

Among the US tariffs, CMD, Russia and other sources, said that raw imports from Russia and other sources is the usual business for the company, and there was no deliberate plan to reduce imports from Russia.

“We take it rough according to the economy. We do not make extra efforts to increase or reduce Russian crude oil,” he said.

In the first quarter of the 26 fiscal year, Saheyy was about 24% of the company’s import basket, and if the market and global scenarios remain the same, the share of the Russian raw is expected to remain at the same level in the ongoing quarter (July-September). In the corresponding quarter of the last fiscal year, the share of the Russian raw was around 30%.

On August 2, Mint He reported that India continued to buy oil from Russia despite the punishment and the United States. State-owned refiners-Indian Oil Corp. LTD (IOC), Bharat Petroleum Corp. LTD (BPCL) and Hindustan Petroleum Corp. LTD (HPCL) -RUS suppliers continue to receive oil and negotiations for spot agreements are continuing. Mint notified.

Shares in BSE LaOn Thursday, 140.15, it increased by 1.6% from the previous closing.