IndianOil reported income from operations of Rs.2,38,828 crore for the first half of FY 17-18 as compared to Rs.2,07,458 crore in corresponding period of FY 16-17. The net profit for the half year ended 30th September 2017 is Rs.8,245 crore as compared to Rs.11,391 crore during the corresponding period of the previous year majorly due to inventory losses during the current period as against inventory gains during first half of FY 16-17.

The reported income from operations of IndianOil is Rs.1,10,637 crore in Q2 17-18 as compared to Rs.1,00,260 crore in the corresponding quarter of FY 16-17. Profit for the second quarter of FY 17-18 is at Rs.3,696 crore as compared to profit of Rs.3,122 crore in the corresponding quarter of FY 16-17.

IndianOil Chairman, Sanjiv Singh, said, “IndianOil sold 43.394 million tonnes of products, including exports, during the first six months of 2017-18. Our refining throughput for H1 17-18 was 33.617 million tonnes and the throughput of the Corporation’s countrywide pipelines network was 40.696 million tonnes during the same period. The gross refining margin (GRM) during the period Apr-Sept’17 was US$ 6.08 per bbl as compared to US$ 7.19 per bbl in corresponding period of FY 16-17.”

For the second quarter of FY 17-18, IndianOil’s product sales volumes, including exports, was 20.886 million tonnes. The refining throughput was 16.096 million tonnes in Q2 FY 17-18 and the throughput of the Corporation’s countrywide pipelines network was 19.345 million tonnes during the same period. The gross refining margin (GRM) for the second quarter of FY 17-18 was US$ 7.98 per bbl as compared to US$ 4.32 per bbl in the corresponding quarter of FY 16-17.

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