IOC Q2 : STANDALONE NET PROFIT TURNAROUND AT ₹21,630 CR VS Q1 LOSS. STRONG (ON 1ST LOOK)

PBT at ₹26,617 Cr; Ebitda at ₹32,998 Cr v ₹2,332 Cr (QOQ). GRM up at $18.52/bbl v $15.59/bbl (QOQ). Refinery throughput 18.1 MMT v 19.2 MMT; capacity utilization 102.3% v 109.4% (QOQ). Debt down to ₹1,16,578 Cr v ₹1,41,453 Cr (QOQ).

Indian Oil Corporation Ltd

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