By: ICN Bureau
Last updated : February 01, 2023 6:49 am
IndianOil's product sales volumes, including exports, was 24.305 million tonnes in Q3 FY23
IndianOil reported Revenue from Operations of Rs. 7,08,461 crores for the period April – December 2022 as compared to Rs. 5,21,988 crores in corresponding period of last year. The Net Loss for the nine months ended 31st December 2022 is Rs. 1,817 crores 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.
The Revenue from Operations of IndianOil 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.
IndianOil Chairman, S. M. Vaidya, said, “IndianOil sold 71.382 million tonnes of products, including exports, during the period April – December 2022. Our refining throughput for first nine months of FY 2022-23 was 53.231 million tonnes and the throughput of the Corporation’s countrywide pipelines network was 72.085 million tonnes during the period. The gross refining margin (GRM) during the period April – December 2022 was US$ 21.08 per bbl as compared to US$ 8.52 per bbl in corresponding period of previous financial year.
For the third quarter of FY 2022-23, IndianOil's product sales volumes, including exports, was 24.305 million tonnes. The refining throughput was 18.202 million tonnes and the throughput of the Corporation’s countrywide pipelines network was 23.801 million tonnes during the quarter.”