IOCL Q4 Results: DECLARED! Check QoQ performance

Indian Oil Corporation Limited (IOCL) today reported a net profit of Rs 9026.49 cr in the quarter ended 31 March 2021 against a loss of Rs 7782.55 cr during the same period in FY20. Meanwhile, total revenues stood at Rs 166,319 cr for the reporting quarter which was up by over 11 per cent from the Q4FY21 at Rs 148, 769 cr. 

Net profit for the reporting quarter was up by over 107 per cent on the quarter on quarter basis. IOCL reported a net profit of Rs 4359 cr in the Q3 of FY21.  

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However, in the filing to exchanges, this oil marketing company reported the year ended revenues at Rs 523,736 cr down from Rs 578,763 cr reported in the fourth quarter of FY20.  

The earnings per share (EPS) for Q4FY21 was Rs 9.83 taking the year ended EPS to RS 23.57. It declared an EPS of Rs 4.75 in the December 2020 quarter.  

Stocks of IOCL ended at Rs 107 on the NSE on Wednesday, up by almost 1.4 per cent from the previous closing price on Tuesday.