Oil Psu Stock, Indian Oil shares fell by 3% amid Q3FY25 results, revenue stood at Rs 1.94 lakh crore
On a sequential basis, revenue went up by 11%. Net profit for the period stood at Rs 2,874 crore. The bottom line was also aided by a one-time gain of Rs 680 crore, compared to a gain of Rs 1,157 crore in the base quarter.
Oil Psu Stock, Indian Oil shares fell by 3 amid Q3FY25 results, revenue stood at Rs 1.94 lakh crore
Indian Oil Corporation Ltd, India's largest state-run oil firm, shares fell as much as 4.5% on Monday, January 27, after the company's December quarter results showed disappointing figures. Revenue for the quarter stood at Rs 1.94 lakh crore.
On a sequential basis, revenue went up by 11%. Net profit for the period stood at Rs 2,874 crore. The bottom line was also aided by a one-time gain of Rs 680 crore, compared to a gain of Rs 1,157 crore in the base quarter.
The company's profit was also aided by a 37% surge in its other income, which stood at Rs 1,882 crore, in comparison to the Rs 1,375 crore figure during the September quarter. Indian Oil's Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) stood at Rs 7,116 crore.
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EBITDA margin for the quarter stood at 3.7% while the Margins in the previous quarter stood at 2.2%. Gross Refining Margins (GRMs) for the quarter stood at $3.69 per barrel.
Marketing sales for the company went up by 13% sequentially and 6% compared to last year, while refinery throughput went up by 8% from the previous quarter and also declined by 2% from last year.
The Shares of the PSU Company were trading lower by 3.3% at Rs 124 with dividend yield at 9.68%.
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