IndianOil Financial Performance FY 2020-21
IndianOil reported Revenue from Operations of Rs 5,14,890 crores for the year April – March 2021 as compared to Rs 5,66,354 crores in corresponding Financial Year 2019-20. The Net Profit for the year ended 31st March 2021 is higher at Rs 21,836 crores as compared to Rs 1,313 crores during the previous year mainly on account of higher inventory gain and higher petrochemical margin during current year.
The Revenue from Operations of IndianOil is Rs 1,63,606 crores in Q4 2020-21 as compared to Rs 1,39,005 crores in the corresponding quarter of FY 2019-20. The Net Profit for the fourth quarter of FY 2020-21 is Rs 8,781 crores as compared to Rs (5,185) crores in the corresponding quarter of FY 2019-20 which is due to higher inventory gain and higher petrochemical margin during current quarter.
The Board of Directors of the Corporation in its meeting held on 19th May, 2021 has declared a final dividend of Rs 1.50 per equity share. (face value: Rs 10/- per equity share).