Indian Oil Corporation Ltd Q1 Results FY2023, Net loss at Rs. 1992.53 crores

Shreya Anaokar 9th December 2022 - 08:38 am

On 30th July 2022, IOCL announced its quarterly results for the first quarter of FY2023.

Q1FY23 Key Highlights:

- The company reported its revenue from operations at Rs. 251932.89 crores with a growth of 62.47 % YoY.

- The total income stood at Rs. 2,52,616.54 crores with a growth of 62.32% YoY

- Loss before tax was reported at Rs. 2529.24 crores with a drop of 132.43% YoY.

- The company reported its net loss at Rs. 1992.53 crores with a drop of 133.53% YoY.

Segment Revenue:

- Petroleum products posted a revenue at Rs. 242606.52 crores with a growth of 62.6 % YoY.

- The petrochemical business reported a revenue of Rs. 6947.24 crores with a growth of 19.18 % YoY.

- The other business activities reported a revenue of Rs. 7635.89 crores with a growth of 117.16 % YoY.

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Shreya Anaokar

Disclaimer: Investment/Trading is subject to market risk, past performance doesn’t guarantee future performance. The risk of trading/investment loss in securities markets can be substantial. Also, the above report is compiled from data available on public platforms.

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