Indian Oil Corporation Ltd's Q4FY19 consolidated net profit rises 8.6% yoy to Rs6,004.88cr : In-line with Estimates

The company’s consolidated revenue stood at Rs1,48,234.18cr, up 6.3% yoy

May 17, 2019 03:05 IST India Infoline Research Team

Indian Oil Corporation Ltd Q4FY19

Consolidated Results Q4FY19: (Rs. in cr)

Q4FY19 YoY (%)
Revenue 1,48,234.18 6.3
EBITDA 5,029.35 8.2
EBITDA Margin (%) 3.4 6
Net Profit (adjusted) 6,004.88 8.6
***EBITDA margin change is bps

IOCL's Q4FY19 revenue has come in at ~Rs 1.48 lakh cr as against ~Rs1.39 lakh cr, up by 6.3%. Net profit is in-line with consensus estimates at Rs6,005cr as against Rs5,527cr yoy.  Average gross refining margin (GRM) for the quarter under review fell to US$5.41 per bbl against US$8.49 per bbl yoy.
  • The company has recommended the final dividend of Re1 per equity share. This is in addition to the interim dividend of nearly Rs8.25 per equity share paid during the year.

Technical View:

Indian Oil Corporation Ltd is currently trading at Rs. 148.70, down by 2.15 points or 1.43% from its previous closing of Rs. 150.85 on the BSE.
The scrip opened at Rs. 149.50 and has touched a high and low of Rs. 152.20 and Rs. 146.90 respectively. So far 2,41,33,097 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 50 DMA.

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