IndianOil Financial Performance FY 2020-21 (Standalone)
New Delhi, May 19, 2021: IndianOil reported Revenue from Operations of Rs.5,14,890 crores for the year April – March 2021 as compared to Rs. 5,66,354 crores in corresponding Financial Year 2019-20. The Net Profit for the year ended 31st March 2021 is higher at Rs.21,836 crores as compared to Rs.1,313 crores during the previous year mainly on account of higher inventory gain and higher petrochemical margin during current year.
The Revenue from Operations of IndianOil is Rs.1,63,606 crores in Q4 2020-21 as compared to ₹1,39,005 crores in the corresponding quarter of FY 2019-20. The Net Profit for the fourth quarter of FY 2020-21 is Rs.8,781 crores as compared to Rs.(5,185) crores in the corresponding quarter of FY 2019-20 which is due to higher inventory gain and higher petrochemical margin during current quarter.
The Board of Directors of the Corporation in its meeting held on 19th May, 2021 has declared a final dividend of ₹1.50 per equity share. (face value: 10/- per equity share).
IndianOil Chairman, Mr. S. M. Vaidya, said, “IndianOil sold 81.027 million tonnes of products, including exports, during the year April – March 2021. Our refining throughput for the FY 2020-21 was 62.351 million tonnes and the throughput of the Corporation’s countrywide pipelines network was 76.019 million tonnes during the year. The gross refining margin (GRM) during the year April – March 2021 was US$ 5.64 per bbl as compared to US$ 0.08 per bbl in previous financial year.
For the fourth quarter of FY 2020-21, IndianOil’s product sales volumes, including exports, was 22.591 million tonnes. The refining throughput was 17.592 million tonnes and the throughput of the Corporation’s countrywide pipelines network was 21.849 million tonnes during the same period.”