Indian Oil Corp Earnings

The state-owned company reported a fourth-quarter net loss of Rs 5,185 crore, compared with a profit of Rs 6,099 crore a year ago.

Companies such as DLF, Dr Reddys Labs, GIC, Axis Bank, Hero MotoCorp, NMDC, Tech Mahindra, Indian Oil Corp, Bharti Airtel, HDFC, ITC, Power Grid Corp and State Bank of India are expected to announce their Q1 earning results this week

Oil marketing companies such as Hindustan Petroleum Corp Ltd (HPCL) and Indian Oil Corp Ltd (IOC) and BPCL were lower today, as oil prices hovered near multi-year highs.

India's top refiner said profit came in at Rs 3,721 crore ($576.45 million) in the quarter ended March 31, compared with Rs 2,006 crore a year earlier.

The orders are for IOC's Indane Maximisation project, under which it will set up a fluidised cracking unit including LPG treatment facility.

Indian Oil Corp (IOC) on Friday reported a record net profit of Rs 10,399 crore in 2015-16 to become nation's second most profitable PSU, even as it posted an 80 per cent drop in March quarter earning because of inventory losses.

Indian Oil Corp, the nation's biggest company, on Tuesday reported net loss of Rs 329 crore in the September quarter on account of huge inventory and foreign exchange losses as well as low refining margins.

Indian Oil Corp (IOC) on Tuesday reported a net loss of Rs 329 crore in the September quarter as margins squeezed on falling oil prices.

The firm currently holds 51.89 per cent in CPCL, while the other promoter, Iran's Naftiran Inter Trade Company Ltd, owns 15.40 per cent, according to the Bombay Stock Exchange website.

Traders said refinery maintenance in India has hit domestic supplies, prompting IOC to snap up gasoline as well.

The company had reported a net loss of Rs 961.45 crore in October-December 2013.

The company suffered a net loss of Rs 898.46 crore, or (-) Rs 3.70 per share, in July-September against a net profit Rs 1,683.92 crore, or Rs 6.94 per share, IOC Chairman B Ashok said.

ONGC Videsh Ltd, the overseas investment arm of state-owned Oil and Natural Gas Corp (ONGC), on Wednesday reported a 9.6 per cent increase in net profit on the back of a surge in oil and gas output.

Indian Oil Corp (IOC), the country's largest oil firm, on Thursday reported a 35 per cent drop in net profit at Rs 9,389.85 crore for the fourth quarter that ended on March 31, 2014, as refining margins shrank and government did not fully compensate it for losses on fuel sales.

As Friday's vote-counting showed a resounding win for Modi's opposition Bharatiya Janata Party, the state companies index was up 3.6 per cent, while the Sensex index was up 0.9 per cent - even though the state index trades at 10.4 times forward earnings, compared with the 15.2 times forward price-to-earnings for the broader market.

The state-owned company reported a fourth-quarter net loss of Rs 5,185 crore, compared with a profit of Rs 6,099 crore a year ago.

Companies such as DLF, Dr Reddys Labs, GIC, Axis Bank, Hero MotoCorp, NMDC, Tech Mahindra, Indian Oil Corp, Bharti Airtel, HDFC, ITC, Power Grid Corp and State Bank of India are expected to announce their Q1 earning results this week

Oil marketing companies such as Hindustan Petroleum Corp Ltd (HPCL) and Indian Oil Corp Ltd (IOC) and BPCL were lower today, as oil prices hovered near multi-year highs.

India's top refiner said profit came in at Rs 3,721 crore ($576.45 million) in the quarter ended March 31, compared with Rs 2,006 crore a year earlier.

The orders are for IOC's Indane Maximisation project, under which it will set up a fluidised cracking unit including LPG treatment facility.

Indian Oil Corp (IOC) on Friday reported a record net profit of Rs 10,399 crore in 2015-16 to become nation's second most profitable PSU, even as it posted an 80 per cent drop in March quarter earning because of inventory losses.

Indian Oil Corp, the nation's biggest company, on Tuesday reported net loss of Rs 329 crore in the September quarter on account of huge inventory and foreign exchange losses as well as low refining margins.

Indian Oil Corp (IOC) on Tuesday reported a net loss of Rs 329 crore in the September quarter as margins squeezed on falling oil prices.

The firm currently holds 51.89 per cent in CPCL, while the other promoter, Iran's Naftiran Inter Trade Company Ltd, owns 15.40 per cent, according to the Bombay Stock Exchange website.

Traders said refinery maintenance in India has hit domestic supplies, prompting IOC to snap up gasoline as well.

The company had reported a net loss of Rs 961.45 crore in October-December 2013.

The company suffered a net loss of Rs 898.46 crore, or (-) Rs 3.70 per share, in July-September against a net profit Rs 1,683.92 crore, or Rs 6.94 per share, IOC Chairman B Ashok said.

ONGC Videsh Ltd, the overseas investment arm of state-owned Oil and Natural Gas Corp (ONGC), on Wednesday reported a 9.6 per cent increase in net profit on the back of a surge in oil and gas output.

Indian Oil Corp (IOC), the country's largest oil firm, on Thursday reported a 35 per cent drop in net profit at Rs 9,389.85 crore for the fourth quarter that ended on March 31, 2014, as refining margins shrank and government did not fully compensate it for losses on fuel sales.

As Friday's vote-counting showed a resounding win for Modi's opposition Bharatiya Janata Party, the state companies index was up 3.6 per cent, while the Sensex index was up 0.9 per cent - even though the state index trades at 10.4 times forward earnings, compared with the 15.2 times forward price-to-earnings for the broader market.