Indian Oil Corporation · NSE: IOC · BSE: 530965

Q1 FY24 results · Apr–Jun 2023

Indian Oil Corporation reported revenue from operations of ₹2,25,410.49 crore (down 11.7% from Q1 FY23) and net profit of ₹14,735.30 crore (up 1568.9% from Q1 FY23) for Q1 FY24 (Apr–Jun 2023), on a consolidated basis.

Consolidated · ₹ crore
Item	Q1 FY24	Q1 FY23	YoY	Q4 FY23	QoQ
Revenue from operations	2,25,410.49	2,55,381.62	−11.7%	2,30,711.56	−2.3%
Other income	614.62	622.98	−1.3%	1,215.26	−49.4%
Total income	2,26,025.11	2,56,004.60	−11.7%	2,31,926.82	−2.5%
Profit before share of associates & JVs and tax	19,110.97	975.66	20x	13,669.10	+39.8%
Share of profit/(loss) of associates & JVs	339.14	367.95		89.51
Net profit for the period	14,735.30	882.96	17x	10,841.23	+35.9%
Attributable to shareholders of the company	14,436.96	(279.38)	Turned profit	10,289.82	+40.3%
EPS, basic (₹)	10.48	(0.20)	not comparable	7.47	+40.3%
Net margin (%)	6.5	0.3		4.7

This company reports a share of profit/(loss) from associates and joint ventures. BSE’s filing format records that share after tax, so it is shown on its own line. The company’s own statement may add it before its “profit before tax” line.

Standalone · ₹ crore
Item	Q1 FY24	Q1 FY23	YoY	Q4 FY23	QoQ
Revenue from operations	2,21,145.42	2,51,932.89	−12.2%	2,26,492.05	−2.4%
Other income	688.47	683.65	+0.7%	1,638.11	−58.0%
Total income	2,21,833.89	2,52,616.54	−12.2%	2,28,130.16	−2.8%
Profit before tax	18,073.84	(2,529.24)	Turned profit	12,214.96	+48.0%
Net profit for the period	13,750.44	(1,992.53)	Turned profit	10,058.69	+36.7%
EPS, basic (₹)	9.98	(1.45)	not comparable	7.30	+36.7%
Net margin (%)	6.2	-0.8		4.4

Consolidated

Filed with BSE: 28 Jul 2023, 16:13 IST
Board meeting: 28 Jul 2023
Period: 01 Apr 2023 to 30 Jun 2023
Review status: Unaudited
Source: XBRL filing on BSE

Standalone

Filed with BSE: 28 Jul 2023, 16:13 IST
Board meeting: 28 Jul 2023
Period: 01 Apr 2023 to 30 Jun 2023
Review status: Unaudited
Source: XBRL filing on BSE