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Indian Oil Corporation Ltd. Q2 FY2024 results: revenue ₹2,05,283 crore, down 11.9% on the year

Indian Oil Corporation Ltd. (IOC) reported consolidated revenue from operations of ₹2,05,283 crore for Q2 FY2024, the quarter ended 30 September 2023, down 11.9% on the same quarter a year earlier. Profit after tax was ₹13,713 crore, and earnings per share ₹9.53. The figures are the company's own, from the unaudited results it filed with NSE on 31 October 2023.

Revenue from operations₹2,05,283 croredown 11.9%
Profit after tax₹13,713 crore
EPS₹9.53
QuarterQ2 FY2024ended 30 September 2023

The quarter, against the one before and a year earlier

LineQ2 FY2024Q1 FY2024A year earlierChange on the year
Revenue from operations2,05,2832,25,410n/an/a
Other income506615n/an/a
Total income2,05,7902,26,025n/an/a
Cost of materials consumed1,04,7531,07,318n/an/a
Purchases of stock-in-trade43,20945,231n/an/a
Changes in inventories-7,5127,724n/an/a
Employee benefit expense2,9422,990n/an/a
Finance costs2,1351,743n/an/a
Depreciation, depletion and amortisation3,6103,476n/an/a
Other expenses38,56338,431n/an/a
Total expenses1,87,6992,06,914n/an/a
Profit before exceptional items and tax18,09019,111n/an/a
Exceptional items00n/an/a
Profit before tax18,09019,111n/an/a
Current tax4,3203,984n/an/a
Deferred tax380731n/an/a
Total tax4,7004,715n/an/a
Profit after tax13,71314,735n/an/a
Attributable to owners of the parent13,11414,437n/an/a
Other comprehensive income3,167398n/an/a
Total comprehensive income16,88015,134n/an/a
EPS, basic₹9.53₹10.48n/an/a
EPS, diluted₹9.53₹10.48n/an/a

₹ crore except per share.

Leverage, as the company states it

LineQ2 FY2024Q1 FY2024A year earlierChange on the year
Debt to equity0.010.01n/a
Debt service coverage0.020.04n/a

Debt to equity, debt service coverage and interest service coverage are the figures the company prints in its result statement under the listing regulations.

Quarterly results, the last 12 quarters

Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024Q1 FY2025Q3 FY2025Q4 FY2025Q1 FY2026Q2 FY2026Q3 FY2026Q4 FY2026Q1 FY2027
Sales2,25,4102,05,2832,26,8922,23,6502,19,8642,19,5222,21,3602,21,8492,06,4472,36,2572,36,8992,81,933
Expenses2,06,9141,87,6992,16,8032,17,9202,16,1272,18,6922,12,8342,14,8301,96,6992,20,0572,19,5332,84,009
Operating profit23,71623,32816,57611,9709,9207,57315,02913,26716,24522,74524,8044,062
OPM %11%11%7%5%5%3%7%6%8%10%10%1%
Other income6155061,2681,4545331,0221,2385836441,1601,775446
Interest1,7432,1351,8002,1472,0802,4582,1782,0702,2702,0881,8801,730
Depreciation3,4763,6104,6864,0944,1034,2844,3254,1794,2274,4575,5574,408
Exceptional items00000680100000
Profit before tax19,11118,09011,3587,1834,2702,5329,7657,60210,39217,36019,142-1,630
Tax %25%26%24%27%26%24%17%26%28%25%24%n/a
Net profit14,73513,7139,2255,4883,7232,1478,3686,8088,19113,50215,176-1,141
EPS in ₹₹10.48₹9.53₹6.56₹3.74₹2.56₹1.54₹5.90₹4.95₹5.68₹9.44₹10.50-₹1.18
FilingNSENSENSENSENSENSEFilingFilingFilingFilingFilingFiling

₹ crore except per share, consolidated, as filed with the exchange. Operating profit is sales less the expenses other than interest and depreciation, OPM is that over sales, and tax % is tax over profit before tax: arithmetic on the filed lines; everything else is as filed. Quarters before December 2024 are from the exchange's earlier results feed, which carries the filed lines without the filing itself; the column links to the exchange's page for the company.

Source

Unaudited consolidated results for the quarter ended 30 September 2023, filed with NSE on 31 October 2023: the result statement. All of Indian Oil Corporation Ltd.'s results: NSE company page.

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