New Delhi: IndianOil reported  Revenue from  Operations of ₹5,21,999 crores for the period April – December 2021 as compared to ₹3,51,157 crores in the corresponding period of Financial Year 2020-21. The Net Profit for the nine months ended  31st  December  2021  is higher at  ₹18,162  crores as compared to ₹13,055 crores during the corresponding period mainly on account of higher refining margins and higher inventory gain during the current period.

The Revenue from Operations of IndianOil is ₹1,97,172 crores in Q3 2021-22 as compared to ₹1,46,465 crores in the corresponding quarter of FY 2020-21. The Net Profit for the third quarter of FY 2021-22 is ₹5,861 crores as compared to ₹4,917 crores in the corresponding quarter of FY 2020-21 which is due to a higher refining margin during the current quarter.

The Board of Directors of the Corporation in its meeting held on 31st January 2022 has declared a second interim dividend of ₹4 per equity share. (face value: ₹10/- per equity share). This is in addition to the interim dividend of ₹5.00 per equity share paid during the period by the company.

IndianOil Chairman, Mr. S. M. Vaidya, said, “IndianOil sold 63.097 million tonnes of products, including exports, during the period April – December 2021. Our refining throughput for the first nine months of FY 2021-22 was 49.400 million tonnes and the throughput of the Corporation’s countrywide pipelines network was 61.187 million tonnes during the period. The gross refining margin (GRM) during the period April – December 2021 was US$ 8.52 per bbl as compared to US$ 2.96 per bbl in the corresponding period of the previous financial year.

For the third quarter of FY 2021-22, IndianOil's product sales volumes, including exports, were 22.591 million tonnes. The refining throughput was 17.404 million tonnes and the throughput of the Corporation’s countrywide pipelines network was 21.779 million tonnes during the quarter.”