IOC Reports Higher Net Profits and Revenues in FY18
Indian Oil Corporation (IOC) has posted a net profit of Rs. 21,346-crore for FY18 as compared to a profit of Rs. 19,106-crore in the last fiscal. The reported revenue from operations for FY18 was Rs. 5,06,428-crore as compared to Rs. 4,45,442-crore in FY17.
The Board of Directors recommended a final dividend of 20% (Rs. 2 per share), in addition to the pre-bonus Interim Dividend of 190% (Rs.19 per share) paid during the year.
According to IOC Chairman, Mr. Sanjiv Singh, the refiner sold 88.763-mt of products, including exports, during 2017-18. Refining throughput for FY18 was 69.001-mt and the throughput of the countrywide pipelines network was 85.675-mt during the same period. The gross refining margin (GRM) during FY18 was US$8.49 per barrel, as compared to US$ 7.77 per barrel in FY17.
Sanjiv Singh
Looking for chemical products? Let suppliers reach out to you!
You May Interested In
2026-06-16
Trade Alert
Delivering the latest product trends and industry news straight to your inbox.
(We'll never share your email address with a third-party.)
Related News
-
Indian Oil Corporation's (IOC) Gujarat Refinery to Invest Rs 24,000 Crore to Enter Petrochemicals
-
IOC will build multiple refining projects
-
The pharmaceutical industry will undergo four major changes
-
Proya's revenue and net profit fell in the first quarter because the epidemic
-
After IPO, the profit of yujiahui in the first three quarters fell by over 90%
-
Yitai Coal net profit fell 26.53% in the first three quarters due to rising cost
-
Net profit of Kailuan in the first three quarters increased by 2.04%
-
The net profit of central enterprises in the first 3 quarters exceeded 2tn
-
Profits of Industrial Enterprises above designated size decreased by 2.1%
-
Total profits of industrial enterprises in the first 3 quarters exceeded 4.5tn
Recommend Reading
-
ICIS Global No.58: ECHEMI Again Ranks Among the World’s Chemical Distributors
-
Supporting Each Other | ECHEMI Employees Voluntarily Raise Funds for Flood Relief in Southern Thailand
-
China’s API Export Shift Takes Center Stage at API China 2026
-
New Location, New Horizon: ECHEMI Thailand Branch Embarks on a New Chapter
-
ECHEMI Ranks 56th on ICIS Top 100 Chemical Distributors List! A Global Leader in Chemical Supply Chain Management from Hong Kong
-
Avril Group to Acquire Champlor Renewables from Valtris
-
Chevron Phillips Chemical Completes Low-Viscosity PAO Expansion in Belgium
-
Positive Support, Palm Oil Prices Set to Rise
-
EU May Build Industry-Level Trade Barriers Against Chinese Chemicals
-
Suppliers Hold Prices Against Weak Demand, PC Prices Remain Low in Early August