A look at Indian Oil Corp Q4 Earnings
  • WebDesk BTVI
  • May 17 2019

Indian Oil Corp declared its Q4 results on Friday. The oil major’s profit after tax (PAT) stood at Rs 6,099 crore against Rs 5,218 crore, up by 16.9% (YoY). The company posted Rs 1.44 lakh crore revenue from operations as opposed to Rs 1.37 lakh crore (YoY). Most importantly, FY19 GRM was $5.41/bbl as opposed to $8.49/bbl (YoY).