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

Indian Oil Corporation Ltd Q1 Results FY2023

Corporate Action
by Shreya Anaokar Last Updated: 2022-08-01T17:44:10+05:30

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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About the Author

Shreya Anaokar is a Content Writer at 5paisa. She has completed her Master’s in Finance and Graduation in Statistics from the University of Mumbai. 

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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