The audited financial results of Indian Oil Corporation (IndianOil) were approved at the meeting of the Board of Directors. IndianOil posted a net profit of Rs.21,346 crore for the Financial Year 2017-18 as compared to a profit of Rs.19,106 crore in the last fiscal. The reported revenue from operations for the Financial Year 2017-18 was Rs.5,06,428 crore as compared to Rs.4,45,442 crore in 2016-17.
IndianOil’s reported revenue from operations was Rs.1,36,733 crore in Q4 FY 17-18 as compared to Rs.1,30,865 crore and Rs.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 Rs.5,218 crore as compared to Rs.7,883 crore and Rs.3,721 crore in the previous quarter of 2017-18 and corresponding quarter of 2016-17 respectively.