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IOC FY09 net profit down at Rs 2599.4 cr

This article was posted on May 30, 2009 and is filed under Stock News

Indian Oil Corporation, IOC has announced its FY09 results. The company’s FY09 net profit was down at Rs 2599.4 crore versus Rs 7912.7 crore, YoY.

Its net sales were up at Rs 2,45,721.6 crore versus Rs 2, 08, 948.4 crore,YoY.

Its refining margin was down USD 3.69 from USD 9.02, YoY.

IOC numbers not comparable due to merger with Bongaigaon Refinery

It accounted for Rs 40,383 crore in Oil Bonds in FY09

The company is yet to receive Rs 6,207 crore in Oil Bonds from Government.

Q4FY09

Its Q4 standalone net sales were down at Rs 53,379.1 crore versus Rs 64,363.6 crore.

Its Q4 standalone net profit was at Rs 6,623 crore versus net loss of Rs 414.3 crore.

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