May 18, 2023 [Indian Oil]- IndianOil reported Revenue from Operations of ₹9,34,953 crores for FY 2022-23 as compared to ₹7,28,445 crores in last year.

The Net Profit for FY 2022-23 is ₹8,242 crores as compared to ₹24,184 crores during last year mainly on account of lower marketing & petrochemicals margin and higher exchange losses during the current year as compared to last year.

The Revenue from Operations of IndianOil is ₹2,26,492 crores in Q4 2022-23 as compared to ₹2,06,457 crores in the corresponding quarter of last year. The Net Profit for the fourth quarter of FY 2022-23 is ₹10,059 crores as compared to ₹6,022 crores in the corresponding quarter of last year.

The Board of Directors have recommended the final dividend of ₹3.00 per equity share (face value: ₹10/- per equity share) for FY 2022-23 subject to approval by the members of the Company in the Annual General Meeting.

IndianOil Chairman, Mr. S. M. Vaidya, said, “IndianOil sold 95.714 million tonnes of products, including exports, during FY 2022-23. Our refining throughput for FY 2022-23 was 72.408 million tonnes and the throughput of the Corporation’s countrywide pipelines network was 97.382 million tonnes during the year. The gross refining margin (GRM) for FY 2022-23 was US$ 19.52 per bbl as compared to US$ 11.25 per bbl in the previous financial year.

For the fourth quarter of FY 2022-23, IndianOil’s product sales volumes, including exports, was 24.332 million tonnes. The refining throughput was 19.177 million tonnes and the throughput of the Corporation’s countrywide pipelines network was 25.297 million tonnes during the quarter.”

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