IOC Q1 results show revenue fell from 2,31,926.82 crores to 2,26,025.11 crores, a 2.54% decrease in growth. EPS rise from ₹7.47 to ₹10.48, up by 40.29%.
First, Let’s Begin with Quarter-on-Quarter Basis:
IOC shared its Q1 results on Friday. They earned 2,26,025.11 crores in revenue this quarter, but that’s less than the 2,31,926.82 crores they made last quarter. Unfortunately, the company’s growth decreased by 2.54 percent when comparing the two quarters.
In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 14,436.96 crores, up from 10,289.82 crores in the previous quarter. Their quarter-to-quarter growth increased by 40.30 percent.
The company’s EPS (Earnings Per Share) this quarter is ₹10.48, which is an increase of 40.29% from the ₹7.47 EPS in the previous quarter.
Now, Let’s Analyze the Results on a Year-over-Year Basis:
The company made a total revenue of 2,26,025.11 crores this year (2023), which is 11.71 percent lower than last year’s total revenue of 2,56,004.60 crores.
This year’s PAT (Profit After Tax) is 14,436.96 crores, which is also 5067.50% higher than last year’s PAT of -279.38 crores.
The EPS (Earnings Per Share) for this year is ₹10.48, which is 5140% more than the EPS of ₹-0.20 earned last year.
Also Read: Exide Industries Q1FY24 Results: Consolidated PAT of Rs. 224.11 Cr
IOC Share Dividend Announcement / Record Date:
The record date for the dividend has not arrived yet.
About IOC:
Indian Oil Corporation Limited (IOCL), a renowned Indian multinational oil and gas company, operates under the ownership of the Government of India’s Ministry of Petroleum and Natural Gas. With its headquarters based in New Delhi, it functions as a public sector undertaking and its operations are closely monitored by the Ministry of Petroleum and Natural Gas.
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