OTHER GROUP COMPANIES
market

Indian Oil Corporation Q3FY22 Preview: Revenue seen at Rs1,471,073 million, PAT at Rs69,976 million

IOC’s GRM is seen at US$6.9 per barrel for the quarter.

January 24, 2022 8:24 IST | India Infoline News Service
Indian Oil Corporation

Result date: 31st January, 2022

Oil marketing companies (OMCs), including Indian Oil Corporation (IOC) are likely to post strong set of results for the quarter ended December 31, 2021. Higher prices of Brent crude and healthy demand could aid both gross refining margins or GRMs as well as volumes for the OMCs. Price hikes will aid marketing margins in the quarter even as volumes could grow in double digits on a sequential basis. Lower price hikes in domestic LPG though could have some impact on the results.

IOC’s GRM is seen at US$6.9 per barrel for the quarter.

Rs. Million December 2021 estimates
Revenue 1,471,073
EBITDA 124,580
% change YoY 29%
% change QoQ 17%
PAT 69,976
% change YoY 42%
% change QoQ 10%

Source: Company, IIFL Research

OPEN A DEMAT ACCOUNT & Get
FREE Benefits Worth 5,000

FEATURED ARTICLE

BLOGS

Open Demat Account

  • 0

    Per Order for ETF & Mutual Funds Brokerage

  • 20

    Per Order for Delivery, Intraday, F&O, Currency & Commodity