Indian Oil Corporation Ltd’s Q1FY19 Standalone Net Profit Rises 50.18% Yoy To Rs6,831.10cr: Beats Estimates


Indian Oil Corporation Ltd’s Q1FY19 Standalone Net Profit Rises 50.18% Yoy To Rs6,831.10cr: Beats Estimates

Indian Oil Corporation Ltd. reported Q1FY19 results beating street estimates. Revenue grew 26.2% yoy to Rs1,29,475cr against Rs1,02,626.2cr in Q1FY18. EBITDA for the quarter grew 142% yoy to Rs12,575.8cr against Rs5,191.5cr, beating the estimate (Rs10,455cr). EBITDA margin rose 465bps yoy to 9.7%. Net profit for the quarter grew by 50.2% yoy to Rs6,831.1cr against Rs4,548.5cr last year, beating the estimate (Rs5,334cr). Read More

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