In­dian Oil de­clares Q1 2018-19 fi­nan­cial re­sults

Governance Now - - ECOLOGY -

In­dian oil’s rev­enue from op­er­a­tions stood at ₹1,49,747 crore in Q1 201819 fis­cal as com­pared to ₹1,28,183 crore in the cor­re­spond­ing quar­ter of the pre­vi­ous fis­cal.

Profit for the first quar­ter of FY 2018-19 is ₹6,831 crore as com­pared to ₹4,549 crore in the cor­re­spond­ing quar­ter of the pre­vi­ous fis­cal. The vari­a­tion is chiefly on ac­count of higher in­ven­tory gains of ₹7,866 crore dur­ing the cur­rent quar­ter, which is partly com­pen­sated by lower re­fin­ing mar­gins and ex­change losses.

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