IndianOil posted a net profit of `15,386 crore for the nine months ended 31st December 2016 as compared to net profit of `9,236 crore during the corresponding period of the previous year. The income from operations for the first nine months of FY 2016-17 was `3,23,120 crore as compared to `3,08,112 crore in corresponding period of FY 2015-16.
IndianOil Chairman, B Ashok, said, “IndianOil sold 62.390 million tonnes of products, including exports, during the first nine months of 2016-17. Our refining throughput for 9M 2016-17 was 48.104 million tonnes and the throughput of the corporation’s countrywide pipelines network was 62.647 million tonnes during the same period. The gross refining margin (GRM) during the period Apr-Dec’16 was US$ 7.36 per bbl as compared to US$ 5.83 per bbl in corresponding period of FY 2015-16.”