Shares of Indian Oil have been final buying and selling 0.14 per cent increased at Rs 104.05 on the BSE.
Share value of Indian Oil Corporation (IOC) edged marginally increased on Friday, July 30, after the nation’s largest oil refiner introduced its April-June quarter outcomes for the monetary 12 months 2021-22. On Friday, Indian Oil opened on the BSE at Rs 104.50, touching an intra day excessive of Rs 106.25 and an intra day low of Rs 103.3, within the buying and selling session thus far. Indian Oil reported a web revenue of Rs 5,941.37 crore on a standalone foundation within the first quarter of the present fiscal, in comparison with Rs 1,910.84 crore in the identical quarter final 12 months.
The state-run oil refiner’s web revenue grew 211 per cent – virtually three folds within the June quarter pushed by increased gross refining margins as the costs of oil merchandise surged. The firm’s income from operations stood at Rs 1,55,056.27 crore, in comparison with Rs 88,938.97 crore within the year-ago interval. Indian Oil and its unit – Chennai Petroleum, management a 3rd of the nation’s 5 million-barrels-per-day refining capability.
In the previous January-March quarter of the monetary 12 months 2020-21, the corporate reported a web revenue of Rs 8,781.30 crore.
On the NSE, Indian Oil opened at Rs 104.25, registering an intra day excessive of Rs 106.30 and an intra day low of Rs 103.25, within the session thus far. It was final buying and selling 0.14 per cent increased at Rs 104.05 on the NSE.
Shares of Indian Oil have been final buying and selling 0.14 per cent increased at Rs 104.05 on the BSE.
