Company: Indian Oil Corporation Ltd. Category: IPO Notes

Core operations improve led by better than expected GRMs. With crude oil production cuts gaining traction, and Central elections in near term, stock performance will be range bound.
Jan. 30, 2019, 11:38 a.m.

Indian Oil Corporation is Maharatna national oil company. The company operates the largest and the widest network of petrol and diesel stations in the country.
Dec. 14, 2018, 11:55 a.m.
Author : Jainam Research | Publisher:

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.

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

IOCL’s refining performance was hit by 22 days maintenance shut down at the Paradip refinery, which has since come back to full operation.
Aug. 13, 2018, 10:18 a.m.

Given our concerns on the likely decline in GRM, increase in capex over the next five years, rise in interest costs and concerns over product pricing freedom, we expect the upside in earnings to be capped.
Aug. 13, 2018, 10:10 a.m.

Indian Oil Corporation: 4QFY18 Result Update
May 24, 2018, 2:09 p.m.

Indian Oil Corporation: 3QFY18 Result Update
Feb. 1, 2018, 9:35 a.m.
Author : Nirmal Bang | Publisher:

Indian Oil Corporation: 2QFY18 Result Update
Oct. 31, 2017, 12:05 p.m.
Author : Nirmal Bang | Publisher:

Indian Oil Corporation: Q2FY18 Result Update
Oct. 30, 2017, 11:43 a.m.