Indian Oil Corporation December Quarter Results: Petroleum company Indian Oil Corporation has released financial results for the October-December 2024 quarter. During the quarter, the company’s consolidated net profit fell by 76.7 percent to Rs 2147.35 crore on an annual basis. A year ago, the company’s profit in the same quarter was Rs 9224.85 crore. Consolidated revenue from the operations increased by 3 percent to Rs 219522.35 crore compared to a year ago. It was Rs 226892.08 crore in the December 2023 quarter.
Indian Oil has told the stock markets that its expenses rose to Rs 2,18,691.61 crore on a consolidated basis in the December 2024 quarter. The expenditure in the same quarter a year ago was Rs 2,16,802.74 crore.
Indian Oil share lost 3 percent
Indian Oil Corporation shares fall 3 percent on 27 January. The price on BSE has closed at Rs 124.10. The price had gone up to a low of Rs 122.60 in the day. The company’s market cap is Rs 1.75 lakh crore. The stock has seen more than 6 percent rise in the last one year.