IOCL posts ₹21,346 crore net profit in 2017-18

Governance Now - - PSU WATCH -

in­di­anoil has clocked a net profit of ₹21,346 crore for 2017-18 fis­cal as com­pared to ₹19,106 crore in the last fis­cal. The re­ported rev­enue from op­er­a­tions for FY 2017-18 was ₹5,06,428 crore as com­pared to ₹4,45,442 crore in 2016-17. iocl’s rev­enue from op­er­a­tions was ₹1,36,733 crore in the fourth quar­ter of 2017-18 FY against ₹1,30,865 crore and ₹1,22,322 crore in the pre­vi­ous quar­ter of 2017-18 and cor­re­spond­ing quar­ter of 2016-17 re­spec­tively. Profit for the last quar­ter of 2017-18 is ₹5,218 crore as com­pared to ₹7,883 crore in the pre­vi­ous quar­ter of 2017-18.

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