Company: Indian Oil Corporation Ltd.

Shares of Indian Oil Corp (IOC) slumped 5.5 per cent Monday after the company reported a 12.6 per cent drop in its second quarter net profit. The sto
Nov. 5, 2018, 5:25 p.m.

IOCL’s net sales at Rs. 1,549bn in 2QFY19 increased 2.1% QoQ and 40.1% YoY. Revenues increased because of: 1) Sharp rise in average crude oil price from US$50/bbl in 2QFY18 and US $72/bbl in 1QFY19 to US$74/bbl in 2QFY19.
Nov. 5, 2018, 11:24 a.m.

Brokerages have remained bearish on the stock and expect a subdued show in the second half of this fiscal.
Nov. 5, 2018, 10:30 a.m.

IOC said the impact of absorbing the cut of Rs 1 a litre in diesel and petrol prices would be seen from Q3
Nov. 2, 2018, 8:25 p.m.

Nov. 2, 2018, 4:45 p.m.

The earnings before interest, taxes, depreciation and amortization (EBITDA) fell 46 percent to Rs 6,762 crore against Rs 12,576 crore from the previous quarter.
Nov. 2, 2018, 1:46 p.m.

Core performance for IOCL remain weak, H1FY19 inventory gains of Rs122.7bn account for 63% of EBIDTA.
Nov. 2, 2018, 11:28 a.m.

Indian Oil is likely to see weaker performance in Q2 impacted by lower inventory gains, gross refining margins (GRMs) are likely to be muted as well, brokerages said
Nov. 2, 2018, 8:56 a.m.

IOC’s net profit came in at Rs 3,247 crore in the quarter ended Sept. 30, compared with Rs 3,696 crore a year earlier
Nov. 2, 2018, 8:13 a.m.

Total income up 44% to Rs 1.51 bn
Oct. 29, 2018, 8:26 p.m.